Crypto
Solana Surges Above $103 on Whale Accumulation and ETF Inflows
Solana's price has surged above $103 as large investors and exchange inflows contribute to its rally.
The increased accumulation from whales, a notable drop in exchange balances, and ongoing inflows into spot ETFs are reinforcing Solana's bullish structure.
According to analyst Ali Martinez, the $100-$103 range is a pivotal support zone for SOL, both technically and on-chain.
Technical indicators show neutral-to-bullish trend, with the RSI at 59.25 and the MACD histogram standing at 5.56 above zero.
The key question is whether Solana can maintain support above $103, which would drive attempts to break through resistance levels of $123 and $132 and potentially reach a target of $150.