This Data For Solana (SOL) Says What's To Come.
Whales started accumulating SOL Coins.
The ongoing decline in the crypto market has brought new losses. Solana price fell to a one-month low and showed signs of recovery today. More importantly, SOL attracted the attention of investors as it was one of the first cryptocurrencies to recover from the decline.
Coinshare data confirms that whale activity has been increasing in recent days. Inflows into Solana reached $1.7 million last week, indicating that investors are taking a ‘buy the dip’ approach. Trading volume for the token has remained high this week as well. Interestingly, whale participation has increased significantly this week, with investors starting to buy ahead of the bull trend in the market in mid-2025.
Solana’s price reached a high of $263.83 in November, keeping investors’ expectations of further gains intact. Therefore, whales seized the opportunity during the crypto market crash, when Solana’s price fell by 29%. During this period, Solana’s price fell to a one-month low of $177.21, but analysts are viewing this as a retest rather than a drop.
Solana charts are marking a rebound from the key support near the 200-day moving average, which presents an opportunity for SOL price to break above the September lows-based VWAP. Crypto analysts have noted that this is an opportunity for Solana to rally following the bulls.
He also observes the bullish signal of the 4-hour oscillator, which confirms the analysis. Accordingly, the next resistance level is at the 5-day moving average level, and breaking above it will confirm the sustained bullish momentum.
Solana and other altcoins could continue to rise, maintaining bullish momentum as whales buy ahead of the altcoin season. Solana price started an upward move today with a 9% increase, but it still has 29% to go to the all-time high (ATH). Many analysts are calling this period a retest period for the uptrend. They suggest that altcoin dominance could begin. During that period, Bitcoin consolidation at $93,440.0 could open up space for other altcoins, triggering a 5 to 10-fold rally.
Solana’s recent price movements and whale investments continue to have a positive impact on the markets. This process, which investors are closely following, plays an important role in shaping Solana’s future performance.
