- SOL Dip Triggers Whale Action: Despite a 2.6% price drop, whales bought 145,000 SOL (worth ~$21.8M) from Kraken, signaling strong buy-the-dip sentiment.
- Bullish Setup Forms: SOL is holding above key $145 support, bouncing off 20- and 50-day EMAs. A rounding bottom pattern could be forming.
- $180 in Sight: If support holds, analysts expect a 22% surge toward the $180 resistance. A breakout from there might even push SOL toward $250.
Solana’s native token, SOL, dropped around 2.6% during Friday’s trading session—even while the broader market seemed to be warming up and Bitcoin crept closer to the big $100K milestone. Still, this dip doesn’t seem to have fazed everyone. In fact, crypto whales were out there scooping up SOL like it was on sale. So, is a breakout to $180 just around the corner?
According to CoinGecko, Solana’s market cap sits at roughly $76.45 billion, with $3 billion in 24-hour trading volume—not exactly quiet, huh?
Whales Snatch $21.8M Worth of SOL Amid the Pullback
Over the past three weeks, SOL has been grinding its way up from $95.26 to about $147—a nice 54% move. This climb came with a series of higher highs and higher lows, usually a good sign that the bulls aren’t done yet.
Friday’s small drop brought SOL back near the $145 mark, where things got interesting. That price point seemed to light a fire under large investors. According to Lookonchain, three freshly created wallets pulled 145,000 SOL (worth around $21.8 million) from Kraken—within an hour.
That kind of whale activity usually isn’t random. Buying into weakness like this could signal a shift in sentiment, maybe even setting the stage for a bigger move.
Could SOL Be Gearing Up for a 22% Push?
Back on April 22, SOL broke past its previous lower high around $145.2. Since then, it’s been mostly chilling above that level—just kind of bouncing around, likely testing it as a new support zone. And so far? It’s holding up.
This sideways action also lines up nicely with the 20- and 50-day EMAs, which could be confirming a change in tone. If SOL holds its ground here, there’s a decent shot it could pump another 22%, up to the $180 resistance zone.
What’s more, that move would shape up into a “rounding bottom” pattern on the charts—a U-shaped recovery that typically leads to a bullish breakout. And if that pattern plays out fully? A push beyond $180 might just open the door to a move toward $250.
