Solana’s (SOL) price recently demonstrated a “show of strength,” quickly recovering after a brief dip, suggesting that large investors (“whales”) are quietly accumulating the asset.
Key Signs of Whale Accumulation and Technical Strength:
- Buying the Dip: After briefly falling toward the $180 support level (following recent tariff news), SOL quickly bounced back to around $197. This rebound suggests “smart money” is stepping in to take advantage of lower prices.
- Exchange Outflows: Data from CoinGlass shows a significant outflow of approximately $169 million worth of SOL from exchanges in recent days. This movement of tokens into cold storage typically signals long-term accumulation and a lack of intent to sell, which historically precedes price upswings.
- Key Support Held: The $180 zone has acted as a critical “springboard” for buyers multiple times throughout 2025, reinforcing its importance for the asset’s structure.
- Bullish Technicals: Momentum indicators suggest selling pressure is easing. Analysts are also pointing to a large “cup and handle” formation on higher timeframes, a chart pattern that, if confirmed, could support a multi-month rally well past the $285 level.
Next Major Price Target
For the bullish scenario to continue, SOL must maintain strength above $180. The next significant test for the price is the $237 resistance zone. A breakout above this level, where previous rallies have stalled, could “light the fuse” for Solana’s next major bullish wave.
October 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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