Solana Price Forecast - SOL-USD Climbs Back to $229 as ETF Speculation and Whale Moves Dominate

Solana (SOL-USD) Price Rebounds After Heavy Whale Transactions

Solana price has staged a sharp recovery, trading near $229 after a turbulent week marked by large whale outflows. Data confirmed more than 1.44 million SOL transferred to exchanges, with one single move of 504,978 SOL triggering fears of a sell-off. Despite this pressure, buyers defended the $217 zone, and momentum has now shifted bullish, lifting Solana almost 18% higher from the $190 low. The daily turnover has surged to $8.73 billion, underscoring strong participation from traders seeking to capture the volatility.

Institutional Positioning and Solana ETF Decision Loom Over Market

The focus has now turned to the pending Solana ETF approval, which could become a defining catalyst for the next leg higher. Market participants are treating the $220–$230 band as a crucial support zone ahead of the announcement. Institutional treasuries remain active, with significant SOL holdings being concentrated in wallets linked to funds and trading firms. Analysts argue that a favorable ETF decision could push SOL through the heavy resistance at $250, with breakout targets extending toward $280 in the short term.

Technical Indicators Reinforce Solana’s Bullish Structure

The technical outlook has shifted decisively positive after the V-shaped recovery. The Relative Strength Index (RSI) is stabilizing near 60, indicating bullish momentum without being overextended. Meanwhile, the MACD has completed a bullish crossover, signaling that momentum buyers are regaining control. Moving averages confirm strength, with the 50-day SMA above $208 and the 200-day SMA near $168, both acting as long-term foundations for the uptrend. Price action suggests that $250 remains the immediate pivot, with potential acceleration to $280 if volume sustains.

Circle Expands USYC Treasury Fund on Solana Network

Adding to the bullish narrative, Circle launched its tokenized U.S. Treasury fund USYC on the Solana blockchain, enhancing the network’s reputation for low latency and scalable settlement. This development strengthens Solana’s position as a core infrastructure for tokenized assets, bringing institutional-grade capital flows to its ecosystem. With global treasuries increasingly experimenting with on-chain settlement, Solana’s ability to process transactions rapidly at scale is likely to fuel demand for SOL-USD, reinforcing its bullish long-term outlook.

Comparisons With Bitcoin and Market-Wide Momentum

Bitcoin’s rise to $119,500, nearing resistance at $117,500–$121,000, has supported sentiment across the broader crypto market. Solana’s sharp rally aligns with this risk-on appetite, but its outperformance—an 18.4% weekly gain versus Bitcoin’s 5.2% monthly rise—shows investors are rotating aggressively into high-beta assets. Analysts note that if BTC breaks above $121,500, the spillover could propel Solana toward new cycle highs, particularly with ETF approval acting as a parallel driver.

Market Outlook and Near-Term Price Levels for Solana

Solana’s market cap has surged past $125 billion, reclaiming its spot as a top-three altcoin by valuation. The trading setup now revolves around the $220–$230 support zone and the $250 resistance barrier. If the latter breaks with conviction, the path toward $280 becomes viable. Conversely, a rejection at $250 could trigger profit-taking back toward $217 or even $208, which aligns with the short-term moving average. For now, momentum, technicals, and institutional positioning suggest Solana’s bias remains bullish, though volatility will remain elevated around whale flows and ETF headlines.

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