Solana is showing signs of strength after weeks of heightened volatility and aggressive selling pressure. As the broader crypto market stabilizes amid ongoing macroeconomic uncertainty and global trade tensions, Solana has managed to inch closer to a critical resistance level. Despite the risks still looming, especially with trade war rhetoric between the US and China escalating, some market participants believe the conditions are aligning for a potential recovery rally.
Adding weight to that view, recent on-chain data from Glassnode reveals a subtle yet notable shift in whale activity. The number of wallets holding more than 10,000 SOL has increased by 1.53% over the past week, rising from 4,943 to 5,019.
This uptick suggests that larger holders may be accumulating ahead of a possible breakout, interpreting
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