Solana (SOL) is currently trading around $203.65, with a recent intraday high near $204.43 Analytics Insight+15Reddit+15Reddit+15Reddit+15The Economic Times+15The Coin Republic+15.
It hasn't yet surpassed its all-time high of approximately $295 (recorded mid-January). However, it's showing strength—recently reclaiming a 5-month high around $195–$198, surpassing local resistance Reddit+5The Economic Times+5Reddit+5.
🔍 Next Major Move
Bullish technical setups: Solana recently completed a Golden Cross (50‑day MA crossing above the 200‑day MA), typically a bullish signal that historically led to a ~50% rally toward $240+ CryptoNews+4Watcher Guru+4CoinStats+4.
There's also a potential cup‑and‑handle breakout from the ~$196 region, with explosive targets ranging from $300 to $6,300 in long-term scenarios The Economic Times.
Near-term resistance lies around $218–$240, while support holds at $185–$200 The Economic TimesAInvest.
🐳 Whales & Crowd Sentiment
Whale behavior shows caution: On‑chain data from early March suggested slowed accumulation and a drop in whale count (~5,000 wallets), though some signals hinted at renewed buying Blockchain News+15Reddit+15Reddit+15.
Reddit commentary (around February–March) notes a rebound in whale activity alongside technical bullish trends like the Golden Cross Barron's+15Reddit+15Reddit+15.
Total Value Locked (TVL) also dipped to ~$8–9 billion then started creeping back toward $10 billion, a positive indication for DeFi interest Reddit+5Reddit+5Reddit+5.
📰 Latest News & Trends
US regulatory tailwinds: Passage of the GENIUS Act and anticipation of the Clarity Act—and possibly a crypto-friendly executive order for 401(k) inclusion—has boosted altcoins like SOL by ~6–7% recently Reddit+7Barron's+7Barron's+7.
Institutional & ETF interest:
Launch of the REX‑Osprey SOL + Staking ETF (SSK) gathered nearly $100M AUM, lending legitimacy and fueling a +7% move AInvest.
On-chain DeFi strength: Solana’s DEX trading volume hit historic highs—over $100 billion/month—exceeding Ethereum+Layer 2s Binance+2Reddit+2Reddit+2.
✅ Summary & Outlook
Did it cross its recent high?
Yes —SOL recently reclaimed the $195–$198 resistance zone, aligning with bullish patternsReddit+2The Economic Times+2Brave New Coin+2.What are whales expecting?
Caution giving way to optimism: accumulation slowed during February corrections, but whales appear to be stepping back in with technical momentum building Barron's+15Reddit+15Analytics Insight+15.Price momentum outlook:
Bullish scenario: Sustaining above Golden Cross and cup-handle neckline could trigger surges toward $240–$300+.
Bearish risk: A breakdown below $185–$200 may retest support zones near $170–$185.
Key catalysts to watch:
BTC-driven broader market trends
Clarity Act advancement or ETF developments
Continued on‑chain growth in TVL and DEX volume
In brief: SOL is rebounding strongly, with bullish technical indicators and institutional traction backing a potential move above $240–$300. Whale accumulation appears to be restarting, though the ~$185–$200 zone remains a crucial pivot point.
