**Solana Rebounds from Key Support as Whales Accumulate $169M in SOL**
*Analysts Eye $220 Target Amid Growing Institutional Confidence*
Solana price is showing renewed strength with a breakout above key support levels, as market participants watch closely for a move above $190 ahead of a major ecosystem announcement. After a volatile week in the crypto market, Solana’s bounce off the $174 support zone has reignited hope among traders and analysts.
Market watchers highlight improving momentum and bullish divergence forming on key indicators. Analysts suggest that the recent pick-up could signal a positive shift in sentiment across the altcoin sector.
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### Solana Price Sees Strong Recovery Momentum
Despite recent corrective pressure, Solana (SOL) has staged an impressive bounce from the $174-$175 support range, setting up a clean higher-low pattern. According to ShangoTrades, $189 and $192 are the next significant resistance zones, aligning with the 0.618 and 0.75 Fibonacci retracement levels.
If Solana manages to close daily above the $190 mark, analysts anticipate the continuation of its upward trajectory towards the $198-$200 levels. This recovery pattern demonstrates strong buying confidence, with bulls regaining control following a steep correction.
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### Bullish Divergence Supports Solana’s Price Setup
The daily chart reveals a distinct double bottom pattern, supported by a bullish divergence on the RSI— a classic indication of seller exhaustion. Solana has also maintained price structure above the demand zone of $170-$172, which served as an important accumulation area during prior rallies.
Adding to the positive outlook, the Solana ecosystem is set for a key announcement on October 20, which has fueled short-term optimism. Historically, such updates have driven short-lived price rallies as investors position ahead of major releases.
Interestingly, stablecoin outflows totaling approximately $400 million from the Solana network in the past 24 hours suggest a classic short-term risk-off maneuver preceding reaccumulation.
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### Whale Accumulation Signals Growing Confidence
Data from CoinGlass reveals that major holders have withdrawn $169 million worth of SOL from exchanges, signaling notable accumulation activity. Declining exchange reserves generally indicate reduced sell pressure and often precede stronger bullish trends.
Momentum indicators also support the recovery phase. The Stochastic RSI has broken out of overbought territory, suggesting buyers are regaining market control as Solana prepares for its next upward move.
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### Retail Sentiment and Institutional Confidence on the Rise
On-chain analytics firm Hyblock recently reported that 76% of retail traders are bullish on Solana—the highest bullish sentiment among all major cryptocurrencies.
Institutional players also demonstrate growing confidence:
– Treasury firm Solmate purchased $50 million in SOL directly from the Solana Foundation at a 15% discount.
– ARK Invest acquired an 11.5% stake in Solmate near its $300 million fundraising round.
– SOL Strategies increased its holdings by 88,433 tokens at an average price of $193.93.
This synchronized accumulation from both retail and professional investors highlights a strengthening conviction in Solana’s outlook.
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### Whales Quietly Accumulate MAGACOIN FINANCE Ahead of Market Rotation
While Solana captures headlines, analysts are closely monitoring MAGACOIN FINANCE, a fast-rising project exhibiting early signs of whale accumulation.
On-chain tracking tools show large-wallet activity around MAGACOIN FINANCE is growing steadily, indicating influential investors are positioning themselves early rather than speculating.
This “quiet conviction phase” mirrors accumulation behaviors seen before previous major bull runs, where institutions entered silently ahead of broader retail momentum.
Unlike larger altcoins that have already experienced significant recoveries, MAGACOIN FINANCE remains in its early valuation stage, offering potentially higher upside. The growing whale interest suggests smart money views it as a serious contender for outsized returns in the next market wave.
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### Conclusion
Solana’s robust rebound from the $174 region has restored confidence among traders, backed by technical strength and increasing whale activity. With bullish divergences and sustained institutional participation, analysts believe a breakout above $190 could pave the way towards a $220 target.
Simultaneously, MAGACOIN FINANCE is emerging as an under-the-radar opportunity for investors tracking early accumulation trends. Its rising whale interest points to increasing confidence in its fundamentals ahead of the next crypto rotation.
Both Solana’s resilience and MAGACOIN FINANCE’s early momentum underline how accumulation, not hype, continues to drive smart investor strategies in 2025.
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### Learn More About MAGACOIN FINANCE
– **Website:** [Access]
– **Twitter/X:** [Link]
– **Telegram:** [Link]
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**Author**
*Krasimir Rusev*
Reporter at Coindoo
Krasimir Rusev is a seasoned journalist specializing in cryptocurrencies and financial markets. With extensive experience in analysis, news coverage, and market forecasts, he provides in-depth, reliable insights on the latest trends in digital assets. His expertise makes him a trusted source for investors, traders, and crypto enthusiasts alike.
https://coindoo.com/solana-price-prediction-analysts-eye-220-rebound-as-whale-accumulation-surges/
