Solana Price Breaks Above $103, Eyes $150 Target Amid Whales Accumulation

The Solana price has broken above $103 and is eyeing $150 as its next target.

This comes after a series of positive on-chain movements, including increased accumulation by whales and lower exchange holdings. The UTXO Realized Price Distribution (URPD) indicator shows that 39 million SOL was traded at roughly $103.25, making this level critical during the current recovery.

The breaking out of the trading range where many investors had bought or traded their coins is a significant development for Solana's near-term prospects. According to crypto analyst Ali Martinez, holding this level could lead the way towards $150, but there are challenges ahead.