SOLANA

Solana $SOL has regained upward momentum following a recent market correction, with significant on-chain movements pointing to increased accumulation by large holders. According to data from Whale Alert, more than $206 million worth of SOL was withdrawn from Coinbase in rapid succession on July 21—fueling renewed investor optimism.

🚨 Major Transfers Signal Institutional Interest

Whale Alert reported two large, nearly identical transactions totaling 1,079,999 SOL, executed within five minutes:

First transfer: 540,000 SOL (approximately $103.38 million) was moved from an unidentified wallet to an external destination, marking a substantial withdrawal from Coinbase.

Second transfer: 539,999 SOL was transferred between two anonymous wallets—mirroring the size of the first transaction.

The precise timing and volume of these transactions suggest they were likely coordinated by a single entity, potentially a high-net-worth individual or institutional investor. Analysts view this kind of strategic movement as a bullish signal, often preceding major price actions.

📈 Solana Rallies as Whales Accumulate

Coinciding with the transfers, SOL has posted a daily gain of 8.36%, making it the second-best performer among the top 10 cryptocurrencies by market capitalization over the past 24 hours. At the time of writing, Solana is trading at $196.87, showing strong recovery from recent lows.

This surge in price, coupled with whale accumulation, has sparked speculation that Solana may be on the verge of entering a new bullish phase. Market participants are increasingly positioning for a potential retest of all-time highs.

🔍 Market Implications

While it's not yet confirmed whether the recent transfers directly influenced Solana’s price movement, such substantial outflows from centralized exchanges are often interpreted as signs of long-term holding strategies. Historically, these movements suggest that large investors anticipate continued price appreciation and are moving assets to cold storage or DeFi protocols for yield generation.

Investor confidence in Solana remains high, driven by:

Its high-performance blockchain capable of processing thousands of transactions per second at low fees

The rapid expansion of its DeFi, NFT, and tokenization ecosystems

Increasing institutional adoption and developer activity

📊 Summary

The withdrawal of over $206 million in SOL from Coinbase, paired with a strong price rebound, underscores growing confidence among large investors. With bullish technical indicators and fundamental demand rising, Solana appears to be setting the stage for a potential breakout.

Technical Analysis – $SOL (Solana) 🔥
Solana recently broke the $200 barrier, showing strength and consolidating a technical pattern that favors new buy entries.
🔍 Relevant Technical Points:
Current price$SOL : $200.67
Immediate support: $193.80 – recently tested intraday low
Wider support zone: $180–184 – historical resistance area that turned into support after breakout
First resistance: between $204–205 – intraday high (show of volatility)
Additional resistance: $220 – near target if there is confirmation of a rise with volume
21-period moving average (1D): below the price, acting as dynamic support
Daily RSI: in neutral/slightly overbought zone – ~55–60, with room for appreciation
Volume: is steady, validating the breakout above $200
🟩 Recommended Entry Range: $197–200
🎯 Target 1 (short term): $220 – next important resistance
🎯 Target 2 (medium term): $250 – initial breakout projections
⛔ Suggested Stop Loss: $193 – below the intraday low, keeping risk controlled (~–3%)
📊 Recommended Strategy:
Staggered entry in the range between $197–200 to optimize the average price.
Partial exit at $220, moving stop to breakeven.
If there is confirmation of breakout with volume above $220, keep part of the position until $250.
Risk management: stop below $193 offers a minimum initial risk-return ratio of 1:2.
🚀 Scenario Summary:
The sustainable breakout above $200 with volume indicates a possible start of a new bullish leg. The $180–184 region has already acted as strong support and may now serve as a base for future pullbacks. The main focus is on the strength of the volume and the performance of bitcoin and other large-cap crypto-assets.
💬 Question for the community:
Are you positioned in $SOL ? What will be your main target? Share your view! 👇
SOL
191.56
-3.87%
#solana