Investment of $24 million by savvy investors charts Solana's potential future trajectory in the realm of blockchain technology.
Solana (SOL) has seen a significant surge in the past 24 hours, pushing its price slightly above the $200 mark, marking a 7% increase. This bullish trend has caught the attention of spot investors, who have added $798,000 worth of SOL over the same period.
This inflow represents a 19.8% rise, making SOL's total smart money holdings the highest among tracked assets, with a total of $24.1 million. LDO came second, recording only $600,000 in net inflows.
Analysis indicates a major price obstacle lies ahead for Solana. The upper resistance level, a critical hurdle for SOL's price to break through, has triggered a decline on three separate occasions. However, with smart money positioning heavily in favor of SOL and technical indicators reinforcing bullish sentiment, SOL has a strong chance of breaking through this resistance.
The Parabolic SAR currently shows dots forming below SOL's price, a sign of a possible rally. Furthermore, the Moving Average Convergence Divergence (MACD) has turned positive for SOL, suggesting upward momentum.
Technical indicators suggest a breakout may be closer than expected for SOL. The cryptocurrency is trading within a bullish triangle pattern, often associated with rallies. If this buying pattern and the movement of SOL into private wallets continue, it would confirm the bullish sentiment from spot investors and add major momentum to the price.
The next significant update related to Solanaโs potential price breakthrough is expected around October to November 2025. This coincides with the anticipated approval and launch of a spot Solana ETF by the U.S. SEC and continued adoption following the Alpenglow upgrade finalized in late August 2025. These events could catalyze a price surge beyond the $200 resistance toward targets between $250 and $360.
This bullish momentum for SOL has been building up over the past weeks. If Solana manages to overcome the major price obstacle and break through the upper resistance level, it could signal a promising future for the cryptocurrency.
Source for the information: Nansen.
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