While the crypto market entered a positive mood at the beginning of the week, Bitcoin 
$68,187 The fact that the price continues to push the $70,000 resistance supports the bullish trend in the general market. This positive momentum is also having an impact on many major altcoins, including SOL. Solana price movements are increasing the interest of analysts with the strongest upward chart and whale investments.
Analysts Expect $400 Solana Price
Market analyst CryptoBoss shared a positive outlook on Solana (SOL) and predicted new highs based on the cup handle model. According to this model, Solana’s price should experience a significant rise. Top targets in the $300-$400 range have become common for SOL Coin these days.
The increasing interest of cryptocurrency whales on Solana is observed in on-chain data. According to Lookonchain data, one of the whale wallets withdrew 153,511 SOLs and staked them instantly in the last week. Similarly, another large wallet attracted and staked 35,498 SOL, while another whale wallet added 13,000 SOL daily.
SOL Coin Price Review
As the market rebounded, Solana increased its price from $133 to $177, a 33% increase. Daily chart analysis shows that this rise may continue.
Solana’s market power and interest from major investors could determine future price movements. Technical analysis and on-chain data show that SOL has strong upside potential in the short term. The price, which was based at $ 179 at the time of writing, is gaining strength from BTC testing $ 70,270. The targets of $210 and $256 above $188 remain current.
As a result, Solana’s technical analysis data and the movements of major investors are among the striking factors in the crypto market. These factors may shape Solana’s future price movements and provide strategic advantages to investors. Despite market volatility, Solana’s strong fundamentals and technical indicators present potential investment opportunities.
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.
