- 71.87% of Binance Traders Stay Long on SOL
- Solana Active Addresses Jump 20% in 1 Week
- SOL Breaks $250 With Bullish Volume Surge
Solana (SOL) has recorded renewed price activity following increased interest from retail and institutional traders. A recent tweet by Altcoin Gordon stating plans to buy a penthouse if SOL reaches $1,000 sparked widespread attention. The price reaction and trading data indicate growing support for a potential continued uptrend.
71.87% of Traders on Binance Expect Further SOL Gains
According to data shared by analyst Ali on April 18, 2025, 71.87% of traders with open SOL positions on Binance are long. This data suggests most participants expect the price to rise further in the short to mid-term.
Solana’s recent move above $250 supported this outlook, as buying pressure pushed prices higher following bullish market sentiment.CoinMarketCap reported SOL rose 10% from the previous day to $250, while TradingView showed it jumped to $265 within the hour after Altcoin Gordon’s tweet.
Alongside the price increase, trading volume spiked from 120 million to 170 million SOL, based on CoinGecko data. The SOL/BTC and SOL/ETH trading pairs also recorded a rise in trading volume, suggesting wider participation across markets.
Technical and On-Chain Data Point Toward Bullish Trend
Technical indicators showed positive momentum during the surge. The Relative Strength Index (RSI) stood at 68, indicating a strong uptrend but not yet overbought. Meanwhile, the MACD chart revealed a bullish crossover, where the MACD line moved above the signal line.
Bollinger Bands also expanded, and the price touched the upper band, suggesting higher volatility. On-chain data from Solana Explorer showed a 20% rise in network activity, with active addresses climbing to 1.3 million by April 19.
Solana’s recent bounce from the $130 level appears to have strengthened buyer confidence, forming a base for potential upward continuation in the coming days. Analysts note that SOL’s ability to maintain this level may serve as a base for further price targets beyond $265.
