Solana appears to be down but not out, as whale accumulation underscores continued confidence in bullish Solana price predictions.
Despite the US-China trade war-driven liquidation event that wiped out bullish setups for most altcoins, SOL has reaffirmed historical support at $173.
Whales seem to be treating the 24% weekly decline as a discount, with a sharp spike in the Chaikin Money Flow (CMF) indicating heavy accumulation likely led by large holders.
CoinGlass data adds weight to the trend, showing nearly $27 million in Solana exchange outflows, suggesting whales are moving holdings to self-custody in anticipation of a recovery.
Solana Price Prediction: Whales are Positioned for a $1,000 Surge?
The bounce at $173 has validated the lower boundary of a six-month rising wedge, with the pattern now approaching its apex and momentum building fast.
This support zone has once again acted as a launchpad, shifting attention back toward a potential breakout.
On the 1-day SOL/USD chart, the Relative Strength Index (RSI) has reversed sharply from a near-oversold reading of 33, while the MACD histogram signals seller exhaustion, suggesting bulls are regaining control.
The key breakout level sits at $300, marking Solana’s all-time high from earlier this year.
If SOL flips that level into support, it could enter price discovery mode, opening the door to a rally toward $500, a 160% upside from current levels.
In the short term, the $190 demand zone will be crucial. A confirmed bounce from here could set a higher base for a sustained uptrend.
Looking ahead, macro factors like interest rate cuts, corporate treasury buying, and potential spot ETF approvals could push SOL toward the $1,000 mark, a 415% surge as the bull market gains steam.
SNORTER: The Tool to Make the Most of the Marker Rebounds
Solana has a history of starting surges in its meme coin market. Its last all-time high saw the birth of 10x-1000x coins like Fartcoin and Melania.
Now, Solana’s next meme wave is forming, and Snorter ($SNORT) might be the edge traders need to catch it early
Snorter Bot is built for competitive trading: limit-order sniping to grab the sharpest entries, MEV-resistant swaps that shield you from frontrunners, copy trading that mirrors proven winners, and rug-pull protection that helps filter out scams before you commit.
Just as importantly, Snorter guides exits. It helps traders lock in profits at the right moment, often the difference between a small win and a huge one.
The stats look solid too.
The presale has raised almost $4 million, while early stakers are still earning up to 108% APY before the next phase begins next week.
And the timing couldn’t be better. The macro narrative is driving capital back into risk assets like meme coins — making Snorter even more valuable as momentum builds across the sector.
The post Solana Price Prediction: While Other Coins Crashed, Whales Bought SOL – $500 is the First Target appeared first on Cryptonews.
