Solana price trades near $175 after slipping over 6% during today’s market crash. Despite the decline, whales remain unusually active, showing strong conviction around the current range. The ongoing volatility has not dampened investor appetite as institutional flows into Solana ETFs continue to grow. Just in four days, spot ETFs recorded $44.4 million in new inflows, signaling confidence even in a red market.
Head-And-Shoulder Breakdown Shapes Solana Price Outlook
Solana price structure currently mirrors a textbook head-and-shoulder pattern, signaling a battle between exhausted buyers and confident short-sellers. The neckline at $172 is acting as the dividing line between a technical breakdown and a potential rebound.
If bears push below it, SOL price could retrace toward $156, where previous accumulation formed in mid-August, or even touch $130.52 if capitulation deepens. However, maintaining stability above this level could allow buyers to reset and form a new base.
Scenario one suggests that a clean defense at $172 could reignite a run toward $208.99 as short liquidations fuel upside strength. Conversely, scenario two implies a deeper correction before a recovery wave begins once liquidity pools near $156 absorb selling pressure.
Adding weight to this setup, the MACD indicator has printed a bearish crossover, confirming short-term downside traction. Yet, history shows that similar crossovers in Solana’s previous cycles have preceded rebounds once volume compresses.
Hence, Solana long-term price prediction continues to favor recovery once short-term volatility clears out weak hands.
Whale’s $26M Long Position Defies Market Panic
A massive Solana whale recently opened a $26M 20x long on SOL price through Hyperliquid, going against the broader market decline, according to Lookonchain. This move came as Solana price dropped sharply, suggesting that large investors view the dip as opportunity rather than risk. The scale of the leverage and timing underline strong conviction that the retracement is temporary and likely to reverse.
Interestingly, this aggressive bet coincides with a surge in Solana ETF activity, where spot funds attracted $44.4 million in inflows. These inflows have lifted total assets beyond $500 million, emphasizing that capital continues flowing into Solana even amid volatility. The alignment between whale accumulation and institutional demand reveals a rare level of coordinated confidence during a bearish cycle.
Together, these factors indicate that the current weakness may represent a deep accumulation phase. Therefore, as sentiment stabilizes, Solana price could rebound sharply once liquidity recovers and sellers begin to lose control.
To sum up, Solana price remains under heavy pressure but shows signs of strength near $172. Whale activity and ETF accumulation highlight growing market conviction. If buyers hold key zones, a move toward $209 appears likely. The technical and behavioral data together suggest Solana’s next recovery phase is already forming.