Solana Price Prediction: What’s Next For SOL As Whales Add Millions

Solana price is recovering from a massive 90% correction, giving way to new optimism in the entire crypto space. Analysts highlighted technical cycles, whale accumulations, and chart patterns similar to the previous rally.

Multiple factors suggest SOL is gearing up for a major breakout. This could unfold within the current market cycle if momentum holds.

Solana Price Prediction Targets Zone V in Current Cycle

Trader Tardigrade Alan predicted that the Solana price could peak at Zone V in this current cycle. His weekly chart recorded previous peaks at Zones III and IV and then consolidations back to Zone I. The current structure indicated another SOL price leg upward for much higher valuations.

Alan explained that a long reaccumulation phase preceded each historical Solana price surge. If this pattern is repeated, then SOL might head to a record high before another corrective phase.

This cyclical trend gives long-term investors an idea of where they might see price milestones. The bold green curve in this chart predicted possible movement above existing resistance points.

Alan emphasized that market structure and historical performance repetition support an imminent price surge. He expected the next move to match a larger altcoin cycle.

Whale Activity Affirms Increased Confidence

Fresh data on-chain Solana news reinforces this bullish forecast. PRIME X stated that a large whale “HsYrgw” recently purchased 11,233 SOL valued at $2.75 Million. Just a week earlier, the same whale purchased $16 Million worth of Solana, signaling deep confidence.

Market analysts said such buying is usually a precursor to sharp price gains. Large holders usually accumulate them while anticipating long-term appreciation. However, the move fosters liquidity and depth in the market for the subsequent rally.

In the meantime, BitGuru pointed out a double bottom pattern. This led to rallies of more than 20% and 14%. Solana price hit a high of $249.60, and then some slight resistance set in. Currently, it is holding at about $240.

This formation shows that buyers are active and robust and can sustain momentum if these price levels are maintained.

Comparison of BNB Rally Strengthens Case

Furthermore, analyst Giannis Andreou pointed out that Solana’s chart reflects Binance Coin’s previous bull run. Both coins saw a parabolic pump,

a long reaccumulation, and a breakout to new all-time highs. SOL price now sits at a similar critical breakout zone.

Andreou projected a possible 20% short-term upside. This could bring the Solana price close to its previous all-time high. He believed that if the pattern repeats, SOL price may follow BNB‘s explosive way higher.

He added that the current price action is similar to BNB’s successful cycle. If momentum holds, Solana price could be among the top market performers in the coming weeks.

Altcoin Season ETF Filing Adds Fuel to Solana Outlook

Additional market news helped prop up the bullish story. CryptoCurb reported that an “Altcoin Season” ETF has been filed with the U.S. SEC. This filing marked the rise of institutional interest in altcoins and has the potential of bringing major new capital to the market.

Similarly, an altcoin-focused ETF would increase businesses’ exposure to mainstream blockchains such as Solana. Analysts believed a positive vote from such an ETF would act as a catalyst for capital inflows. It could also strengthen Solana’s position in the market.

This powerful whale accumulation and strong technical signals further supported the case for successful Solana price appreciation. Additionally, analysts anticipate this approval could lead to a fresh demand and momentum for this ETF.