The ongoing decline in the crypto market has brought new losses. Solana price fell to its one-month low and showed signs of recovery today. More importantly, SOL attracted investors’ attention by being one of the first cryptocurrencies to recover from the decline. Here are the details of the recovery process.
Solana Price
Coinshare data confirms that whale activity has increased in recent days. Inflows into Solana last week reached $1.7 million, showing investors shifting to a ‘buy the dip’ approach. This week too, transaction volume for the token remained at high levels. Interestingly, whale participation increased significantly this week and investors began buying before the bull trend begins in the market in mid-2025.
Solana’s price reached its highest level in November at $263.83, keeping investors’ expectations for further increases. Therefore, whales seized the opportunity during the crypto market crash, which saw the Solana price drop 29%. During this period, Solana’s price fell to a one-month low of $177.21, but analysts are treating this as a retest rather than a decline.
Solana Analysis
Solana charts are marking a recovery starting from key support near the 200-day moving average, which provides an opportunity for SOL price to break above the September lows-based VWAP. Crypto analysts stated that this is an opportunity for Solana to recover by following the bulls.
Additionally, analysts are observing a bullish signal from the 4-hour oscillator; This shows that the analyzes were confirmed. Accordingly, the next resistance level lies at the 5-day moving average, and breaking above it would confirm the sustained bull momentum.
Solana and other altcoins may continue to rise, maintaining the bullish momentum as whales buy ahead of the altcoin season. Solana price started an upward move today with a gain of 9%, but there is still a distance of 29% to reach the top (ATH). Many analysts describe this period as a retest period for the rise and suggest that altcoin dominance may begin in April-May. At that time, Bitcoin $96,907.4 Its consolidation could trigger a 5- to 10-fold rally, making room for other altcoins.
Solana’s recent price movements and whale investments continue to have a positive impact on the markets. This process, which investors watch carefully, plays an important role in shaping Solana’s future performance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
