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Solana’s recent price surge is fueled by substantial whale activity and positive spot flows, pushing the cryptocurrency toward a potential breakout.
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Large transactions, totaling 1.38 million SOL, are fostering optimism among investors as market dynamics shift.
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According to COINOTAG, these movements suggest significant accumulation, indicating that institutional players are increasingly confident in SOL’s future.
Solana’s price rush supported by whale activity and positive market flows may lead to a breakout above $180, reflecting strong investor confidence and bullish momentum.
Are spot flows fueling Solana’s upside momentum?
SOL’s spot market flows turned positive, with a $207.26M inflow against $177.50M in outflows, yielding a net gain of $29.76M.
This inflow bias suggests participants were accumulating SOL, not offloading.
Historically, such inflow dominance has aligned with price appreciation, especially when coupled with low sell-side pressure.
Therefore, this current trend could support SOL’s push beyond the $177 resistance.
Source: CoinGlass
The recent Binance Funding Rate flipped to 0.0076%, indicating traders are now paying a premium to maintain long positions.
This shift followed weeks of mixed sentiment and reinforces the view that bullish momentum is gaining strength.
Positive funding rates typically accompany upward trends, especially when sustained across several sessions.
Has the hype cooled off too soon?
However, social metrics present a more grounded narrative.
Despite the recent price surge, SOL’s Social Dominance fell to 2.69%, with Social Volume at only 133 mentions.
This indicates that the market isn’t overly hyped, which can positively signal a price movement, as excessive social noise often precedes corrections.
Thus, a moderate presence in discussions could mean this move is driven more by conviction than speculation.
If sentiment remains stable while price structure and inflows stay bullish, SOL could maintain its upward trajectory with reduced volatility risk.
Source: Santiment
Technicals point to bullish continuation
Technically, SOL is breaking out of an ascending triangle, a bullish continuation pattern that often precedes rallies.
The MACD indicator also confirms momentum alignment, with the signal and MACD lines converging upward.
This setup suggests a possible run toward the projected $180–$185 range if the breakout sustains. However, a failure to hold above $176 could invite short-term pressure.
Source: TradingView
According to CoinGlass data, Liquidation Heatmaps revealed a cluster of short liquidations triggered below $177. As SOL continues upward, fewer liquidation clusters remain between $178 and $185.
Consequently, if price advances past $178, the lack of short pressure could accelerate bullish momentum. This environment provides favorable conditions for a smooth push toward $180.
Source: CoinGlass
Overall, Solana’s rally appears backed by more than just price action.
Whale activity exceeding $235 million, alongside a $29.76 million Net Inflow and rising Funding Rates, reflect robust investor confidence.
The technical breakout above the ascending triangle, combined with low social hype, indicates a healthier and possibly sustainable rally.
