Solana Price Prediction: Whale Moves Add Caution as Bulls Target $240–$260 Range

Solana is tightening near key resistance, with participants eyeing a potential breakout that could spark the token’s next major rally.

Solana begins to mirror a classic accumulation setup, hinting that a major move could be on the horizon. After weeks of tight consolidation, SOL is now pressing into key resistance levels while defending higher lows, a structure many market watchers see as the early stages of a breakout.

Solana Price Prediction: Accumulation Hints at Bullish Reversal

Solana’s chart is flashing a textbook accumulation structure after a prolonged downtrend, with two clear consolidation zones forming a solid base. The move away from the descending channel highlights a market structure shift, often an early signal that sellers are exhausted and buyers are quietly regaining control. This phase, paired with tightening price action inside these boxes, suggests that SOL may be preparing for its next expansion leg, with $200 acting as the initial upside if momentum continues to build.

Solana forms a Wyckoff-style accumulation base, hinting at a bullish reversal toward $240–$260. Source: Kamran Asghar via X

From a technical lens, the pattern closely mirrors the classic Wyckoff accumulation model, where range-bound trading precedes a decisive breakout. Solana has already shown strength by reclaiming higher lows, and with volume steadily increasing near support, the probability of continuation higher strengthens. The Solana Price Prediction now leans on whether bulls can sustain this breakout structure; if confirmed, a push towards $240 to $260 becomes increasingly likely.

Capital Flows Signal Strong Network Demand

Fresh capital flows tell a clear story, Solana isn’t just a memecoin hub anymore; it’s becoming a preferred destination for serious liquidity. Over the past 30 days, more than $1 billion has bridged into Solana, outpacing Ethereum, Arbitrum, and Base in net inflows.

Solana captures over 42% of bridging volume, surpassing Ethereum with $1B inflows in 30 days. Source: kyledoops via X

On-chain activity supports this narrative: Solana now accounts for over 42% of recent bridging volume, with Ethereum trailing behind. If this pace continues, it strengthens the underlying case for Solana’s next leg higher, aligning well with the technicals.

Solana’s Ascending Triangle at Critical Resistance

Analyst Anup Dhungana highlights Solana’s massive ascending triangle, a structure that typically signals trend continuation when paired with higher lows. On the weekly chart, SOL has been pressing against the $250 to $260 resistance zone, while buyers consistently defend an ascending trendline that has been in place for multiple months.

Solana’s weekly chart shows a massive ascending triangle, with a breakout above $260 potentially unlocking a rally towards $320–$350. Source: Anup Dhungana via X

This tightening price action compresses volatility, suggesting an eventual breakout move is nearing. From a technical perspective, a confirmed close above $260 would validate the breakout, opening room for a rally toward $320 to $350. With both structure and capital inflows aligning, this breakout will further shape the Solana Price Prediction.

Short-Term Solana Analysis

Solana’s 4H chart is currently shaping a falling wedge, one of the more reliable bullish reversal patterns when confirmed with breakout volume. The wedge has been narrowing over the past sessions, with price pressing against the lower boundary near $176 before rebounding.

Solana’s 4H falling wedge signals a bullish reversal, with a breakout above $190 set to confirm upside momentum. Source: CryptoJack via X

This structure, shared by CryptoJack, paired with consistent higher-volume reactions at support, suggests that sellers are gradually losing momentum while buyers are positioning for an upside move. A breakout above the wedge’s upper trendline, roughly around $188 to $190, would be the first technical confirmation that SOL is ready to shift gears higher.

Whale Activity Raises Caution

While Solana’s technical setup leans bullish, on-chain data from The Moon Show highlights a development worth monitoring. A whale recently unstaked 98,291 SOL (worth $17.83M) and transferred it to Binance, signaling potential sell-side pressure. Historically, such large inflows to exchanges often precede either partial profit-taking or hedging activity, which can create short-term volatility even in the middle of broader bullish structures.

A whale moved 98,291 SOL worth $17.8M to Binance, raising short-term caution despite bullish structures. Source: The Moon Show via X

From a Solana Price Prediction standpoint, this move doesn’t invalidate the bullish wedge or ascending triangle setups, but it does raise a caution flag. If selling pressure emerges from this whale activity, support around $176 to $169 becomes critical to hold.

Final Thoughts: Bullish Scenario or Bearish Outlook?

Solana’s technicals and on-chain data lean bullish, with accumulation patterns, rising inflows, and strong network demand all pointing toward a potential breakout. If the ascending triangle resolves above the $260 mark, the path towards $320 to $350 becomes a real possibility. Short-term setups like the falling wedge also strengthen the case for buyers, giving SOL multiple layers of technical support to build on.

That said, the whale activity and large exchange inflows are reminders that the market rarely moves in a straight line. Profit-taking could introduce sharp volatility even within a larger bullish structure. If support around $176 to $169 holds firm, dips may be viewed as opportunities rather than breakdowns.