Solana (SOL) Price Hits $125, Whale Activity Suggests Potential Recovery

• Solana (SOL) dropped 42% in 30 days, reflecting broader market volatility as Bitcoin fell below $80,000.
• Whale activity is signaling confidence in Solana’s rebound, with a major whale purchasing 50,000 SOL tokens for $6.77 million.
• Technical patterns like the “three pushes” formation and RSI bullish divergence suggest SOL could be on the verge of a reversal.

Solana (SOL) has been heavily impacted by the recent market volatility, experiencing a 42% drop in just 30 days, with its price hitting a low of $125. This sharp decline comes as part of a broader bearish trend that has taken over the cryptocurrency market, largely driven by Bitcoin’s fall below the $80,000 mark.

Bitcoin’s price drop has caused widespread fear and panic among investors, leading to a massive sell-off in the market. SOL, as an altcoin, has mirrored this market downturn, with its price dropping nearly 25% in the past week alone.

As of the latest data, SOL’s price stands at $133.56, with a 24-hour trading volume of $14.21 billion and a market capitalization of $64.97 billion. Over the past 24 hours, SOL’s price has decreased by 4.95%, continuing its downward trajectory amidst a challenging market environment.

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Solana Whale’s $6.77M Bet Signals Rebound Potential

Despite the overall bearish sentiment, whale activity has sparked interest in SOL’s future. According to data from Lookonchain, a significant whale purchased 50,000 SOL tokens, worth approximately $6.77 million, at the recent price bottom just seven hours ago.

This whale had previously sold 122,921 SOL tokens for $28.23 million between November 2024 and January 2025, at an average price of $230. By buying back at these lower price levels, the whale is signaling confidence in Solana’s potential for a rebound.

Solana’s Technical Patterns Hint at Possible Reversal

In addition to whale activity, technical analysis shows signs that Solana could be nearing a reversal. Crypto trader Trader Tardigrade highlighted two key bullish patterns on the 4-hour chart. The first is the “three pushes” pattern, where Solana has completed three consecutive lower lows (P1, P2, and P3).

A breakout above the resistance line could signal the start of an upward trend. The second pattern is the RSI bullish divergence, where SOL’s price has been making lower lows, but its RSI is forming higher lows, a common indicator of an impending trend reversal.

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While Solana has faced significant challenges amid market volatility, emerging technical signals and whale activity suggest that the cryptocurrency may be on the verge of a rebound. Investors should closely monitor Bitcoin’s price and market sentiment to assess Solana’s next move. If these bullish indicators hold, Solana may offer an attractive entry point for those looking to capitalize on potential gains.

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