According to Mihir (@RhythmicAnalyst) on Twitter, Solana (SOL) price action throughout its bull run has been consistently supported by a single major trendline, identified as the white line. The latest chart analysis shows SOL is currently in a recovery phase, rebounding from recent lows while staying above this crucial support. This trendline is a key technical indicator for traders; sustained price action above this level may signal continued bullish momentum, while a breakdown could indicate trend reversal. Traders are advised to monitor SOL’s interaction with this support for actionable entry and exit points (source: Mihir via Twitter, May 2, 2025).

According to glassnode, despite recent strong rebounds in the crypto market, short-term hot capital for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) remains significantly below their respective cycle highs. Specifically, BTC hot capital is down $60.5B or 60.8%, ETH is down $6.6B or 60.3%, SOL is down $5.9B or 38.4%, and XRP is down $5.5B or 71.7%. This suggests that while price recoveries have occurred, trader capital allocations remain cautious, potentially limiting short-term upside momentum and increasing volatility risk. Traders should closely monitor capital flows for signals of renewed bullish conviction. (Source: glassnode, Twitter, April 29, 2025)

According to AltcoinGordon, major Bitcoin investor Michael Saylor has purchased an additional $1.42 billion worth of Bitcoin, signaling continued institutional accumulation in the current market cycle (source: AltcoinGordon on Twitter, April 28, 2025). Simultaneously, retail investors are increasing exposure to Solana (SOL), as illustrated by AltcoinGordon's own $142 purchase. These moves suggest that both BTC and SOL are experiencing renewed buying pressure from whales and retail participants, which could impact short-term price momentum and liquidity for active traders.