Recent analysis by on-chain data expert Murphy suggests that Solana’s (SOL) price action may face limited resistance as it continues to climb. His findings indicate a scarcity of trapped SOL tokens above key resistance levels, suggesting a strong upward trajectory. During the recent price correction, major players entered the market at prices ranging between $144 and $165, resulting in substantial unrealized gains for many investors – approximately 40%-50%. However, despite significant buying activity from institutional investors, current profit realizations may be limited. Recent rebounds have seen fewer SOL whales achieve substantial profits compared to previous price peaks, which could impact the sustained upward momentum. This analysis provides educational insights but is not intended as financial advice.