Solana Price Prediction: Will Increased Whale Activity Push SOL to $500?



Solana has recently made headlines again due to a significant increase in whale activity. According to a report by Glassnode, the number of wallets holding more than 10,000 SOL has increased by 1.53%, rising from 4,943 to 5,019 addresses. This new development allowed Solana to regain the barrier of $150.

At the time of writing this article, Solana is trading at $151.71, which represents a 20.44% increase over the last seven days. Now, analysts are reassessing their predictions, while bullish investors hold hope for a new bullish breakout of Solana.

According to the technical indicators of Solana, SOL is currently forming a "cup and handle" pattern (cup with handle), a typical bullish continuation signal. However, analysts are still closely watching whether the price manages to break key resistance zones, which would allow the token to advance towards higher price targets.
SOL-0.14%
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