Solana (SOL) Price Outlook Strengthens as Whale Transactions Spike
Market analysts are turning increasingly bullish on Solana’s price trajectory following a notable rise in high-volume transactions by large holders. The surge in whale activity signals growing institutional interest, potentially driving SOL toward new resistance levels in the coming weeks.
Solana (SOL) Price Outlook
On the daily SOL price chart, the RSI is currently at 58.78 with an upward gradient. This suggests bullish momentum with key resistance around the $145–$150 range.
SOL price chart | Source: TradingView
Bollinger Bands are widening, with the price now pushing against the upper band. This often indicates increased volatility and a potential breakout scenario, with the mid-band (20-day SMA) acting as key support NEAR $124.
Meanwhile, the MACD line is above the signal line and both are in positive territory, a classic bullish signal. However, traders should watch for a possible bearish crossover if buying momentum fades.
SOL price chart | Source: Trading View
Crypto investor Ted Pillows suggested that Solana’s current fractal mimics the bottoming pattern of late 2022. He predicted a rally toward $160–$180 by May and floated the possibility of a new all-time high by Q3 2025.
$SOL current fractal looks similar to Q4 2022.
The lower lows which formed the bottom and resulted in capitulation.
Now, I’m expecting a Solana rally towards $160-$180 by May and probably a new ATH in Q3 2025. pic.twitter.com/AnaVI76BTT
— Ted (@TedPillows) April 20, 2025
It is important to note that SOL is currently trading with a 52% drop from its peak of $294, achieved on Jan. 19, 2025.
nextAnalysts Bullish on Solana (SOL) Price Amid Whale Activity Surge
