Solana price surges amid whale accumulation, but analysts predict sustained growth only if certain conditions are met.
The Solana price plummeted to a one-month low under the influence of the crypto market, but it has since begun to exhibit signs of recovery.
More importantly, SOL was one of the first cryptocurrencies to recover from the decline, indicating that investors were interested in the cryptocurrency.
The process of its recovery is as follows.
Whale Reacts To Solana Price Decline
The enhanced whale activity has been confirmed by the Coinshare data for several days.
The Solana inflows of the previous week totaled $1.7M, indicating that investors’ perspectives have shifted toward “buying the dip.”
The same is true for this week, as the trading activity for the token remained relatively high.
Intriguingly, the whale’s involvement increased significantly this week, as investors endeavored to acquire assets before the market entered into the bull market in mid-2025.
The investor’s enthusiasm for the subsequent rally was maintained as the Solana price reached the ATH at $263.83 in November.
Consequently, the whales capitalized on the opportunity when the Solana price diverged by 29% during the crypto market collapse.
Solana’s performance plummeted to a month-low of $177.21 during this period; however, analysts refer to it as a retest rather than a decline.
SOL Price Increased By 9% Today As Solana Retest Commenced
November was the most bullish month for Solana, as it experienced an increase in adoption and a new ATH rally.
According to Glassnode’s relative capital flow report, it attracted 53% of the global crypto users on the network at that time.
More importantly, Solana has outperformed Bitcoin and Ethereum in numerous metrics; however, its recent price decline is a cause for concern for users.
Nevertheless, numerous crypto analysts have characterized this as a straightforward breakout and retest, which has already commenced.
Furthermore, it is perceived by many as a positive aspect of the trend rather than a pessimistic phase.
Intriguingly, the SOL price charts have corroborated the theory, as the price has increased by 9% today.
It is currently valued at $195.73 and has a market capitalization of $93.8B.
The involvement of the whale is increasing the buying pressure; however, this is only the beginning, as the technical indicators indicate that a full recovery is imminent.
Technical Analysis Of Solana Price
The Solana charts suggest a dominating rebound from the critical support near the 200-day SMA, which presents an opportunity for the SOL price to surpass the VWAP, which was established at the September low.
Crypto analysts have determined that this presents Solana with an opportunity to capitalize on the bullish trend and achieve a recovery.
Furthermore, the analysts observe the 4-hour oscillator spiraling upwards, which corroborates the analyses.
Subsequently, the 5-day SMA serves as the subsequent resistance. Therefore, a rise above this level would validate the ongoing bullish trend.
What Comes Next?
Experts have issued cautionary statements regarding potential Bitcoin collapses in light of the recent fluctuations in the cryptocurrency’s price.
Nevertheless, altcoins such as Solana and others will probably continue to experience a surge in value as a result of the bullish momentum that has been cultivated by billionaires before the altcoin season.
Even though the Solana price has experienced a 9% increase today, the ATH remains 29% distant, even though the target was established only a few days ago.
Many analysts have referred to this as the “breakout and retest” period, during which the altcoin domination is expected to establish itself in April and May.
Altcoins are expected to experience a 5x-10x rally once the Bitcoin consolidation opens the door for others at that time.
