The crypto market is experiencing a significant shift, with its direction changing and liquidity opportunities multiplying. Solana has seen a strong bullish surge this week, breaking above the $150 resistance level and posting impressive ecosystem metrics supported by both technical and on-chain performance. Following a moderate rebound from around $134 at the start of the week to close near $140, SOL entered an upward channel that strengthened mid-week with its breakout through key resistance zones. This past couple of days saw the price surpass $150 for the first time in Q2, registering gains exceeding 10%. 8.54 billion USD is Solana’s TVL currently, indicating strong commitment from investors to DeFi applications on the platform. Interestingly, Solana surpassed Ethereum in staked market cap, suggesting growing adoption. Despite these positive indicators, why is SOL stuck within a narrow range? The transfer of SOL token to CEX could be a contributing factor, as recent Whale-sized deposits at Kraken are raising concerns about potential sell pressure or hedging activities. Pumpfun, a popular Solana-based marketplace, transferred over 117,000 SOL tokens to Kraken in the past few hours, depositing a total of more than 3 million SOL tokens at $186 and selling nearly 264,373 at $158. These deposits often signal short-term volatility. What’s Next? Will Solana Break Through Resistance and Reach $200 by Q2 2025?