Solana (SOL) Price: Whale Accumulation Builds as Market Consolidates – Is a Breakout Next?

TLDR

• SOL has been trading between $78 and $90 for nearly a month in what looks like an accumulation pattern.
• Weekly transaction volumes rose 19.1%, and trading volumes jumped from $22B to $34B in one week.
• Spot SOL ETFs pulled in $18.44 million in two days this week, with $44.44 million the week prior.
• A clean break above $90–$92 could open the door to $100, then $137 (the 200-day EMA).
• If $78 support breaks, SOL could fall back to $67.

Solana has spent the past month bouncing between $78 and $90. Neither bulls nor bears have taken full control, creating a textbook consolidation range.

Whales have been active on both ends — buying near $78 and selling near $90. This kind of back-and-forth has played out multiple times since mid-February.

On February 12, SOL held $78 and moved back to $90 within three days. The same pattern repeated on February 24.

As of writing, SOL is trading around $85, after pushing toward $88 before pulling back slightly.

The price is currently below the parallel channel upper boundary at $87.96, which is acting as short-term resistance.

On-Chain Activity Picks Up

On-chain data from Artemis shows weekly transaction volumes climbed from 764 million to 910 million — a 19.1% increase in one week.

Weekly active users also rose, nearing a 2026 peak for the metric.

Trading volumes for SOL jumped from $22 billion to $34 billion in a single week, pointing to increased buyer interest as the price repeatedly tests the $78 floor.

ETF Inflows Add Institutional Weight

Spot SOL ETFs recorded $1.03 million in inflows on Tuesday, following $17.41 million the day before — a two-day total of $18.44 million.

The previous week saw $44.44 million in ETF inflows, the highest weekly flow since mid-January.

Funding rates on derivatives markets also flipped positive on Wednesday, reading 0.0008%, suggesting bullish sentiment is building.

The RSI on the daily chart has recovered toward the mid-40s from oversold levels, and the MACD remains in positive territory.

Key resistance sits at the 23.6% Fibonacci retracement at $86.60, with the 38.2% level at $98.42 near the 50-day EMA above that.

A close above $92 could bring $106 into play, and if that level breaks, $120 becomes a realistic upside target.

The daily 200-period EMA currently sits at $137 — representing 63% upside from current prices if SOL can sustain a breakout.

On the downside, the immediate floor is $77.60, followed by a prior swing low at $67.50.

The $80 level is considered critical by analysts — losing it would likely push Solana back toward $75 or $70.

Two buy signals on the hourly chart both triggered near $78 and hit the $90 target, returning 4.4x and 2.3x respectively.

SOL has gained 9.3% over the past seven days, making it the top performer among the top five cryptocurrencies in that period.

The post Solana (SOL) Price: Whale Accumulation Builds as Market Consolidates – Is a Breakout Next? appeared first on CoinCentral.