Solana price is consolidating near key resistance levels, with rising whale activity and bullish technical signals hinting at a potential breakout in the weeks ahead.
Solana is once again catching attention as its chart starts to echo familiar bullish patterns from past breakouts. After weeks of tight consolidation near key resistance levels, participants are beginning to notice similarities to the October 2023 setup that preceded a major rally.
Fractal Hints at Major Breakout Ahead
Solana’s weekly structure continues to mirror the October 2023 consolidation fractal, where Solana price compressed tightly before a vertical breakout to new highs. The pattern shown by Galaxy has again formed a rising structure supported by three clean touches on the ascending trendline, hinting at growing accumulation pressure beneath the surface.
Solana’s chart mirrors its 2023 breakout pattern, showing rising accumulation pressure and potential for a major move ahead. Source: Galaxy via X
If the fractal continues to play out, a confirmed breakout above $210 to $220 could mark the start of Solana’s next major leg, targeting fresh all-time highs. The setup shows momentum aligning across higher timeframes, with historical symmetry suggesting Q4 could be the trigger period for the expansion phase.
Whale Activity Adds Bullish Momentum
Following bullish developments on the technical side, The Solana Post highlights a recent move where a whale purchased 44,000 SOL, increasing total holdings to 844,000 SOL ($149M). Such inflows typically indicate conviction rather than speculation, adding weight to the bullish case.
A major whale added 44,000 SOL to holdings, signaling strong conviction as Solana enters another accumulation phase. Source: The Solana Post via X
With spot demand building and on-chain metrics showing consistent exchange outflows, Solana appears to be entering another accumulation wave. Historically, similar whale activity has preceded large upside swings, especially when combined with technical setups like the one currently forming.
Short-Term SOL Chart Shows Bullish Recovery Signs
Lower-timeframe chart shared by James shows SOL Solana price forming a clean inverse head-and-shoulders pattern near the $190 zone, hinting at short-term recovery momentum. Price has reclaimed its previous mid-range level and looks set to challenge the $200 resistance that previously acted as supply.
Solana price forms an inverse head-and-shoulders near $190, signaling recovery momentum and potential push toward $210. Source: James via X
If SOL buyers maintain control above $192 to $195, the structure opens up a path towards $210 in the short run. Momentum indicators on the 4H chart also suggest building strength, signaling that short-term sentiment may finally be turning in favor of the bulls.
Liquidity Map Reveals Key Liquidation Zone
Order book and liquidation heatmap data suggest that most short positions will be wiped out if Solana price crosses $200, creating a potential cascade of liquidations. This region aligns perfectly with the current range high, amplifying the probability of a sharp breakout move once that level gives way.
Liquidity data shows heavy short positions above $200, hinting at a potential squeeze and sharp breakout if that level breaks. Source: CW8900 via X
Below, liquidity remains thin around $180 to $185, meaning any corrective dip could be short-lived. The setup currently favors an upward squeeze scenario, one where momentum and positioning combine to fuel volatility towards the next major resistance band.
Technical Levels in Focus for Solana Price Prediction
Solana price is once again showing signs of strength after reclaiming its 20-day EMA near $196. To confirm trend continuation, bulls must close decisively above that moving average, which would open targets towards $238 to $260 in the coming sessions.
Solana price reclaims its 20-day EMA near $196, signaling renewed strength as bulls eye targets between $238 and $260. Source: Mr. CryptoCeek via X
Failure to sustain above $190, however, could trigger a brief correction back to the $170 to $175 support line. RSI remains mid-range, giving both sides room to maneuver, but with volatility rising, the odds currently tilt toward another breakout attempt as Solana’s bullish rhythm starts to return.
Final Thoughts: Solana Price Next Big Move
Solana’s market structure is beginning to align across all timeframes, from whale accumulation and liquidation data to recurring historical fractals. The confluence of technical compression near $200, strong on-chain buying, and renewed investor interest suggests that volatility may soon expand in the bulls’ favor.
If Solana price manages to reclaim and close above the $210 to $220 zone, momentum could quickly accelerate towards $250 to $260, validating the breakout thesis shared by multiple analysts. However, a rejection here could trigger another short-term reset back towards $180, where demand has repeatedly stepped in.
Overall, the market tone remains constructive. The consistency in both technical and fundamental signals points to Solana price prediction preparing for a potentially explosive Q4, provided key resistance levels give way and volume continues to support the move.