Solana Price Prediction: While Other Coins Crashed, Whales Bought SOL – $500 is the First Target
Solana seems to be down however not out, as whale accumulation underscores continued confidence in bullish Solana price predictions.
Despite the US-China commerce battle–pushed liquidation occasion that worn out bullish setups for many altcoins, SOL has reaffirmed historic assist at $173.
Whales appear to be treating the 24% weekly decline as a reduction, with a pointy spike in the Chaikin Money Flow (CMF) indicating heavy accumulation possible led by massive holders.
CoinGlass data provides weight to the pattern, exhibiting almost $27 million in Solana alternate outflows, suggesting whales are transferring holdings to self-custody in anticipation of a restoration.
Solana Price Prediction: Whales are Positioned for a $1,000 Surge?
The bounce at $173 has validated the decrease boundary of a six-month rising wedge, with the sample now approaching its apex and momentum constructing quick.
This assist zone has as soon as once more acted as a launchpad, shifting consideration again towards a possible breakout.
On the 1-day SOL/USD chart, the Relative Strength Index (RSI) has reversed sharply from a near-oversold studying of 33, whereas the MACD histogram indicators vendor exhaustion, suggesting bulls are regaining management.
The key breakout stage sits at $300, marking Solana’s all-time high from earlier this yr.
If SOL flips that stage into assist, it might enter worth discovery mode, opening the door to a rally towards $500, a 160% upside from present ranges.
In the quick time period, the $190 demand zone might be essential. A confirmed bounce from right here might set the next base for a sustained uptrend.
Looking forward, macro elements like rate of interest cuts, company treasury shopping for, and potential spot ETF approvals might push SOL towards the $1,000 mark, a 415% surge as the bull market beneficial properties steam.
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The stats look strong too.
The presale has raised virtually $4 million, whereas early stakers are nonetheless incomes as much as 108% APY earlier than the subsequent section begins subsequent week.
And the timing couldn’t be higher. The macro narrative is driving capital again into danger belongings like meme cash—making Snorter much more worthwhile as momentum builds throughout the sector.
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