$SOL is trading near $199.70, comfortably above its recent spike from around $190, reflecting steady momentum.
Whales are making moves—one scooped up 61,319 SOL (~$12.4M) off exchanges, hinting at major accumulation . Meanwhile, institutional interest is strong, with $39M inflows last week and a record $9.71B in open interest, suggesting robust confidence .
Technicals are painting a bullish picture: SOL broke out of a head-and-shoulders neckline around $159, now eyeing the $200+ zone. Higher targets like $210–$275 are in sight as on-chain activity and ETF optimism build .
💡 TL;DR: With whale accumulation, institutional inflows, and a bullish chart setup, $SOL is well positioned for a breakout—$200 is just the first checkpoint.
