- Solana’s Net Inflow of $29.76M in spot markets signals accumulation and bullish bias among investors.
- With $178 liquidation clusters cleared, SOL has a clear technical runway toward the $180–$185 range.
Two major transactions totaling 1.38 million SOL, worth over $235 million, were spotted moving between unknown wallets. This substantial whale activity suggests strategic repositioning by large holders.
Crucially, it coincided with Solana’s [SOL] bullish price movement, which showed signs of a breakout from an ascending triangle.
At press time, SOL traded at $177.28, up 4.34% in 24 hours, adding weight to the bullish narrative.
The timing and size of these transfers point toward growing institutional confidence, potentially laying the foundation for a sustained rally if buyer support remains consistent.
Are spot flows fueling Solana’s upside momentum?
SOL’s spot market flows turned positive, with a $207.26M inflow against $177.50M in outflows, yielding a net gain of $29.76M.
That inflow bias suggests participants were accumulating SOL, not offloading.
Historically, such inflow dominance has aligned with price appreciation, especially when coupled with low sell-side pressure.
Therefore, this current trend could support SOL’s push beyond the $177 resistance.
Source: CoinGlass
Adding to that, the Binance Funding Rate flipped to 0.0076%. This shows traders are now paying a premium to stay in longs.
This shift followed weeks of mixed sentiment and reinforces the view that bullish momentum is gaining strength.
Positive Funding Rates typically accompany upward trends, especially when sustained across several sessions.
Has the hype cooled off too soon?
However, social metrics told a more grounded story.
Despite the price surge, SOL’s Social Dominance dropped to 2.69%, with Social Volume at just 133 mentions.
This decline suggests the broader market isn’t overly hyped, which can be a positive signal. Excessive social noise often precedes corrections.
Therefore, a moderate presence in discussions could mean the move is driven more by conviction than speculation.
If sentiment remains grounded while price structure and inflows stay bullish, SOL could continue its run with reduced volatility risk.
Source: Santiment
Technicals point to bullish continuation
Technically, SOL is breaking out of an ascending triangle, a bullish continuation pattern that often precedes rallies.
The MACD indicator also confirms momentum alignment, with the signal and MACD lines converging upward.
This setup suggests a possible run toward the projected $180–$185 range if the breakout sustains. However, a failure to hold above $176 could invite short-term pressure.
Source: TradingView
According to CoinGlass data, Liquidation Heatmaps revealed a cluster of short liquidations triggered below $177. As SOL continues upward, fewer liquidation clusters remain between $178 and $185.
Therefore, if price advances past $178, the lack of short pressure could accelerate bullish momentum. This environment provides favorable conditions for a smooth push toward $180.
Source: CoinGlass
All told, Solana’s rally appears backed by more than just price action.
Whale activity exceeding $235 million, combined with a $29.76 million Net Inflow and rising Funding Rates, reflects robust investor confidence.
The technical breakout above the ascending triangle, coupled with low social hype, points to a healthier and potentially more sustainable rally.
