March 16 2026
Solana's course (SOL) rebounded from a low around $147 to above $151 on Saturday. The recovery came despite global economic tensions such as rising interest rates and trade tensions between the US and China.
The price increase followed a so-called double bottom, a bullish pattern that often indicates a trend reversal. At the same time, an increase in network activity was observed: the number of old coins moved, measured via Coin Days Destroyed, rose to $3,55 billion—the third highest value this year. That signals renewed interest from long-passive investors.
Resistance is currently around $152,85, where selling pressure was previously seen. If this level is broken, SOL could potentially move higher towards $155–$157.
The technical charts show a rising channel, while volume increases on green (rising) candles. However, there is a short-term trend on the hourly chart. bearish engulfing-pattern visible, with support around $150,85.
What caused Solana's price recovery?
A combination of technical support around $147 and rising network activity created buying interest.
What does the increase in Coin Days Destroyed mean?
It indicates that long-stagnant SOL tokens are starting to move again, which often indicates increasing market activity.
What is the next important level to watch?
The resistance is around $152,85. If it is broken, the price could move towards $155–$157.
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