Solana Price Prediction: SOL Holds Near $73 as Whale Accumulation and Breakout Setup Put $100 Back in Focus

Solana is trading near $73 after another quiet session, but several market signals suggest the token may be approaching an important breakout decision. According to Brave New Coin data, Solana price is trading around $73.09, down approximately 0.80% over the past 24 hours.

Whale Accumulation Adds Support Near $73

Large-wallet activity is beginning to attract attention while Solana trades close to its recent lows. Famous market analyst Ted Pillows reported that a whale accumulated approximately $17.41 million worth of SOL during the week.

The purchases reportedly involved several large transfers from a Kraken hot wallet into a separate address, suggesting that the tokens may have been moved away from an exchange for longer-term holding.

A wallet-tracking chart shows a whale accumulating approximately $17.41 million in SOL during the week. Source: Ted Pillows via X

This accumulation does not guarantee an immediate rally, but it adds support to the view that larger investors are becoming more active around current prices. Continued buying while SOL holds above $70 would strengthen the possibility of a recovery towards the upper end of its short-term range.

Symmetrical Triangle Breakout Could Target $113

Solana is also approaching the apex of a large symmetrical triangle after several months of lower highs and improving support beneath price.

A chart shared by Ray shows SOL compressing between descending resistance and an ascending support line. The projected breakout path points towards approximately $113 if buyers manage to clear the upper boundary.

A chart shows Solana approaching the apex of a symmetrical triangle, with a bullish breakout projection towards $113. Source: Ray via X

The first confirmation would come from a move above the $75-$78 resistance area. SOL would then need to reclaim $80-$82 and then the larger $100-$113 target becomes technically achievable.

Weekly Support and Oversold RSI

Solana’s weekly chart shows price stabilising around the $65-$70 support region after an extended decline from its 2025 highs. RSI is near 38 and beginning to recover from oversold territory, suggesting selling momentum is weakening. Holding this support could allow SOL to challenge $80 first, followed by the broader $100-$120 resistance region.

SOL holds weekly support as RSI recovers and token-burn proposals advance. Source: Gum via X

Alongside the technical setup, Crypto analyst Gum highlighted proposed changes to Solana’s token economics that are moving towards final voting. Lower inflation and increased token burns could slow supply growth, while stronger network activity would remove more SOL from circulation. These proposals would strengthen the longer-term outlook if they are approved and usage continues to rise.

Descending Channel Breakout Key

The shorter-term chart shows Solana trading inside a descending channel after falling from the $82-$83 region. Price is now pressing against the upper boundary near $74-$75. Trader Symba noted that SOL could join the broader market’s breakout move if buyers successfully clear the channel resistance. The projected path initially points towards $76-$77.

A confirmed close outside the channel would be the first indication that the corrective structure is ending. From there, resistance around $78 and $82 would determine whether SOL price can build a more meaningful recovery. Until the breakout is confirmed, the structure remains vulnerable to another rejection towards $72 and potentially the lower channel boundary near $68-$69.

A 12-hour chart shows Solana testing the upper boundary of a descending channel near $74-$75. Source: Trader Symba via X

Key Price Zones Shaping Solana’s Next Move

Solana’s immediate support sits around $72-$73, where buyers have repeatedly attempted to stabilise price. Below that, the $68-$70 region remains the main short-term defence against another decline. The first resistance area is positioned around $75-$78, where the descending channel and triangle resistance remain active. A clean move above this region would expose $80-$82.

Solana price trades at $71.44, down 0.43% in the last 24 hours. Source: SOL price via Brave New Coin

Clearing $82 would significantly improve the structure and open the way towards $90-$95. The larger breakout target remains between $100 and $113, but that scenario requires sustained strength above the current resistance cluster.

A breakdown below $68 would invalidate the immediate recovery attempt and increase the risk of a move towards $60-$64.

Final Thoughts: Risks and Considerations

Solana’s whale accumulation and improving technical setup keep the recovery outlook alive. However, SOL still needs a confirmed breakout above $75-$78 before traders can confidently target $82 and the broader $100-$113 region.

Key risks to watch include:

• A rejection from the $75-$78 resistance zone.
• A breakdown below the $68-$70 support region.
• Broader market weakness delaying the expected breakout.

While the long-term picture could benefit from lower inflation and increased token burns, the immediate trend remains dependent on SOL holding support and clearing its current resistance cluster.