Solana (SOL) has regained key resistance levels, strengthening its bullish structure and supporting further upside expectations. Meanwhile, whale accumulation signals growing interest from large holders. Sustained buying and support above the breakout zone could strengthen SOL’s outlook, while renewed selling may weaken the bullish setup.
As of now, according to CoinMarketCap data, Solana is trading at $106.90, with an increase of 5.83% in the past 24 hours and a rise of 19.39% over the past week.
SOL Reclaims $100 as SOL Eyes $120–$130 Targets
According to crypto analyst Jesse Peralta, Solana has reclaimed the $100 level after trading below it for several months. SOL has also moved above the $102–$103 resistance area, while its chart continues to show a pattern of higher lows during the broader recovery.
The breakout has shifted attention toward the $120–$130 range, which now stands as the next major upside area. If SOL continues holding above $100, buyers could maintain control and push the price higher as bullish momentum builds.
A successful retest of the $100–$103 region could further confirm the breakout and strengthen the bullish setup. However, a sustained move below this zone would weaken the current structure and could postpone SOL’s advance toward the $120–$130 targets.
Solana Whale Accumulates $13.2M in SOL as Buying Pressure Builds
The data from Ted Pillows further highlighted that a large crypto whale has been steadily accumulating Solana, with purchases worth approximately $13.2 million since last week. The whale has made multiple SOL purchases during this period, signaling growing interest from a major market participant.
According to the transaction data, the wallet received several sizable SOL transfers from Binance hot wallets, including purchases of 50,000 SOL and 40,000 SOL. Several smaller transfers were also recorded, showing that the accumulation was not limited to a single transaction but took place through multiple inflows over several days.
The repeated buying suggests that the whale may be building a larger SOL position rather than making a short-term purchase. Large-scale accumulation can attract market attention because sustained demand from a high-value holder may reduce the amount of SOL available for immediate selling. It could also strengthen bullish sentiment if broader market demand increases.
However, whale accumulation alone does not guarantee a price increase. Traders will likely monitor whether the wallet continues receiving SOL and whether the newly accumulated tokens remain in the wallet or are later transferred to exchanges. Continued accumulation without significant selling could provide a more constructive signal for SOL’s near-term outlook.
