Solana Price Prediction: 3 Signs SOL Could Surge Toward $80 Next

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• Solana is holding above $70 support with improving short-term momentum.
  
• Whale activity and negative exchange flows suggest increased accumulation.
  
• SOL could target $80 if buying pressure continues, but $62 remains key downside support.

Solana (SOL) is showing signs of renewed strength after defending a key support zone near $70, with traders watching whether the cryptocurrency can continue its recovery toward higher resistance levels. The altcoin recently bounced from a low of $69 and moved to a local high of $73 before a minor pullback. At the time of reporting, SOL was trading around $72, up 2.6% in 24 hours, while trading volume increased significantly, suggesting stronger market participation.

The latest price action has attracted attention as technical indicators and whale activity point toward improving market sentiment. However, the next move will depend on whether buyers can maintain pressure and push SOL beyond important resistance levels.

Solana Technical Analysis Shows Improving Market Strength

Solana’s recent recovery has been supported by its ability to remain above the 9-day and 21-day moving averages. Holding these short-term indicators has strengthened the bullish structure and suggests buyers are currently defending the upward trend.

Momentum signals are also turning positive. The Stochastic Momentum Index (SMI) recently recorded a bullish crossover, indicating growing buying momentum. The indicator has climbed toward 27, staying below the key 30 level. A move above that threshold could provide further confirmation that SOL’s recovery has more room to continue.

For traders, the current setup shows improving momentum, but confirmation will likely depend on whether Solana can break through upcoming resistance zones.

Whale Activity Supports Solana Accumulation Trend

A major factor behind SOL’s recent move appears to be renewed activity from large investors. Data tracking spot market behavior shows increased whale participation around the $70 and $71 price range.

Large orders at these levels suggest that major holders are actively positioning themselves during the recent price movement. This increased whale involvement has also occurred alongside negative exchange netflows, which often indicate that investors are moving assets away from exchanges rather than preparing to sell.

Recent data showed Solana’s spot netflow remained negative for several days, reaching around -$112,000 after previously recording a larger outflow. The trend suggests that some large market participants may be accumulating SOL during the current consolidation phase.

Can SOL Reach $80 Next?

Solana’s short-term outlook remains closely tied to demand from buyers and continued whale support. If accumulation continues and selling pressure remains limited, SOL could attempt to reclaim the $75 level and potentially challenge the $80 resistance zone.

However, the bullish scenario depends on sustained market interest. A decline in whale demand could weaken momentum and push SOL below the $70 support area. If that happens, traders may look toward the $62 region as the next important support level.

Also Read: Morgan Stanley Solana ETF Nears Launch With Record-Low Fee: What Investors Need to Know

Overall, Solana is showing signs of recovery, but the market remains focused on whether buyers can maintain control and extend the current rally.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.