Solana rebounds from key support as whales accumulate $169M in SOL. Analysts eye $220 target amid growing institutional confidence.
Solana price is showing renewed strength in a breakout above key support levels, with participants watching a breakout above $190 ahead of a major ecosystem announcement. After a volatile week in the crypto market, Solana’s bounce off the $174 zone has reignited hope among traders and analysts.
Market watchers are pointing to improving momentum and bullish divergence forming on key indicators. Analysts point out that the recent pick-up indicates a potential change in sentiment in the altcoin sector. Besides Solana, the focus is shifting to another promising project, MAGACOIN FINANCE, which is gathering early whale accumulation and strong conviction from bigger investors, before the next market rotation.
Solana Price Sees Strong Recovery Momentum
Despite the recent corrective pressure, Solana (SOL) has staged an impressive bounce from the $174-$175 support range into a clean higher-low setup. ShangoTrades points out $189 and $192 as the next significant resistance zones, in line with the 0.618 and 0.75 Fibonacci retracements.
Source: X
This 6-7% intraday rebound is an indication of renewed buying strength. If Solana can maintain a daily close above $190, analysts anticipate a continuation towards the $198-$200 levels. The recovery structure shows very strong buying confidence, with bulls taking control after a steep correction.
Bullish Divergence Supports Solana’s Price Setup
On the daily chart, there is a distinct double bottom pattern, backed by a bullish divergence on the RSI, a textbook pattern that represents seller exhaustion. Solana has also held its structure above the demand zone of $170-$172, which acted as an important accumulation range in prior rallies.
The ecosystem’s upcoming announcement on October 20 has fuelled short-term optimism. Historically, such updates have led to short-lived price increases as investors position ahead of major releases.
Interestingly, there were stablecoin outflows of around $400 million from the Solana network in the past 24 hours – a classic short-term risk-off play before reaccumulation. CoinGlass data reveals that major holders have taken $169 million of SOL from exchanges, indicating accumulation activity. Declining exchange reserves indicate reduced sell pressure, which is typically followed by stronger bullish trends.
The recovery phase is also supported by momentum indicators. The Stochastic RSI has broken out of overbought territory, suggesting that buyers are recovering market control as Solana gears up for its next move higher.
Retail Sentiment and Institutional Confidence Grow
On-chain analytics firm Hyblock recently published a report showing that 76% of retail traders are currently bullish on Solana, the highest of all major cryptocurrencies. Additionally, treasury firm, Solmate, recently bought $50 million SOL directly from the Solana foundation at a 15% discount, and ARK Invest did an 11.5% stake in Solmate near its $300 million raise.
Meanwhile, SOL Strategies grew its stake by another 88,433 tokens at an average price of $193.93, indicating increasing institutional confidence. Coupled with whale-outflows, these inflows point to a synchronized accumulation pattern within both retail and professional segments.
Whales Quietly Accumulate Ahead of Market Rotation
While Solana commands the spotlight, analysts are also watching MAGACOIN FINANCE, a fast-rising project showing early signs of whale accumulation. On-chain tracking tools reveal that large-wallet activity surrounding MAGACOIN FINANCE has grown steadily, suggesting that influential investors are positioning early, not speculating.
This pattern mirrors accumulation behavior seen before major bull runs in previous market cycles, where institutions entered silently before broader retail momentum followed. Analysts describe this as a “quiet conviction phase”, typically preceding explosive rallies once visibility increases.
Unlike larger altcoins that have already undergone significant recoveries, MAGACOIN FINANCE remains in its early valuation stage, giving it higher upside potential. The growing confidence from large holders indicates that smart money is identifying it as a serious contender for outsized returns in the next market wave.
Conclusion
Solana’s strong rebound from the $174 region has reestablished confidence among traders, supported by technical strength and growing whale activity. With bullish divergence and sustained institutional participation, analysts believe a breakout above $190 could pave the way toward the $220 target.
At the same time, MAGACOIN FINANCE is emerging as an under-the-radar play for those tracking early accumulation trends. Its rising whale interest suggests increasing confidence in its fundamentals ahead of the next crypto rotation. Both Solana’s resilience and MAGACOIN FINANCE’s early growth highlight how accumulation, not hype, continues to drive smart investor strategy in 2025.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Access: https://magacoinfinance.com/access
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
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Source: https://coindoo.com/solana-price-prediction-analysts-eye-220-rebound-as-whale-accumulation-surges/