- Solana whales accumulate $80M SOL, signaling strong confidence ahead of potential major liquidity inflows.
- Key breakout level sits at $221–$222, with a move higher possibly unlocking stronger rallies.
- Technical indicators turn bullish, as RSI and MACD point to increasing buying strength.
Solana is gaining renewed attention in the crypto markets as whale accumulation and bullish technical patterns suggest a future upswing. Rising investor sentiment and surging usage in DeFi and Web3 are also keeping the asset in the spotlight before a key resistance region.
At the time of writing, Solana is trading at $218.77, with a 24-hour trading volume of $29.47 billion and a market capitalization of $118.58 billion. Over the past day, SOL has climbed 1.73%, reflecting growing interest and steady demand.
Whales Accumulate $80M Solana Before Major Inflows
Crypto expert ZYN highlighted that whales recently acquired nearly $80 million in SOL. He believes such buying could be pre-positioning ahead of billions in liquidity set to enter the SOL ecosystem. These transactions often signal investor confidence in the asset’s near-term outlook.
Solana Builds Strength as Market Eyes Next Rally
Technically, More Crypto Online recently observed in his analysis that the latest movement of Solana resembles a micro 5-wave structure common in the early stages of a momentum upswing. Its main level today lies in the $221 to $222 region. A movement above this range could unlock potential tests of higher levels for SOL, while a breakdown beneath it could lead to short-term consolidation.
Aside from whale activity and price charts, SOL is also setting its footprint in the blockchain space through increased use cases around DeFi, NFT markets, and Web3 protocols. Growing use cases are keeping SOL as a high-performing coin, sustaining bullish optimism.
While whale activity is speculative, technical signs are positively tilting, and ecosystem growth supports medium-term demand, the price of Solana in the near term will be in the spotlight as to whether current momentum develops a stronger rally.
Also Read | Solana Surges Above $200, Is a Major Breakout Next?
Solana Shows Positive Momentum as Indicators Improve
Relative Strength Index (RSI) for SOL is 58.28, having crossed over the 51.82 signal line. It indicates greater buying power, and the token is nearing the bullish area. Consistent recovery from the lower chart points indicates rising demand. As long as RSI continues above 50, the momentum of Solana could continue.
On the MACD side, the indicator supports the bullish position. The MACD line stands at 7.85, well above the signal line at 6.00, and the histogram remains in the positive area. Here we see a clear change in trend, and buying pressure is taking over. If momentum persists, SOL can see additional upward traction on the horizon.
Also Read | Solana Price Hits $219: Can Bulls Break the $225 Barrier Next?
