Accumulation Builds as SOL-USD Targets $250
Solana (SOL-USD) Price Analysis: Bulls Defend $200 as Institutions and Whales Drive Next Breakout
Solana (SOL-USD) is trading near $203.57, showing resilience after several sessions of consolidation. The $200 level has emerged as the pivotal floor, supported by heavy whale accumulation and renewed institutional inflows. More than 3.79 million SOL, worth roughly $770 million, has left centralized exchanges in just seven days, a signal that long-term holders are moving supply into cold storage. This tightening float historically precedes strong upward legs in Solana’s market cycles.
Technical Structure and Key Levels for Solana
The chart shows SOL compressing inside a symmetrical triangle, with support at $199.25 and resistance at…
