Solana Price Prediction as Whales Withdraw $169M from Exchanges

The Solana price has experienced heightened volatility after the recent Trump tariff announcement unsettled the broader crypto market. Despite the correction, SOL price has shown notable resilience, rebounding strongly from its key support zone as whale accumulation intensified. Large investors appear to be buying the dip through consistent exchange outflows, hinting at growing confidence in Solana’s long-term strength.

Solana Price Action: Bulls Defend Ascending Support While Eyeing $237 Recovery

The Solana price found support near the $180 region after testing the ascending trendline drawn from July lows. This rebound marked a strong reaction within a critical support zone, confirming the presence of active buying interest. 

At press time, SOL price trades around $197, struggling to regain momentum above the $200 threshold while maintaining structure within the bullish channel. The next target for buyers remains the $237 resistance, which has repeatedly capped rallies in recent months. 

Meanwhile, the Stochastic RSI has rebounded from the oversold region, hinting at improving buying pressure.

Interestingly, analysts have also pointed out a larger cup-and-handle structure forming on higher timeframes, which could validate a long-term Solana price prediction above $1,000 if confirmed by a breakout beyond the $285 neckline.

Whales Accumulate $169M in Solana Outflows — Is This the Calm Before a Rally?

Whale activity has surged significantly, with data showing $169 million worth of SOL outflows from exchanges, according to CoinGlass. Such large-scale withdrawals typically indicate accumulation, as major investors move assets to private wallets for long-term holding. 

This shift reflects renewed confidence in Solana’s value following the recent correction. Furthermore, the consistent decline in exchange balances reinforces the bullish accumulation narrative. 

Notably, these outflows have historically preceded strong rebounds in the Solana price, aligning with similar trends seen earlier this year. 

Meanwhile, on-chain sentiment remains moderately positive, suggesting that buyers could soon reclaim higher territory. As accumulation builds, market dynamics may favor another upward push toward the $237 level.

Summary 

Solana’s rebound from its support zone and significant whale accumulation create a constructive market setup. The $180 level now serves as a strong base, cushioning potential downside risks. However, reclaiming $237 remains vital for validating the next bullish phase. If the accumulation trend continues, the Solana price could stage a decisive breakout in the sessions ahead.