- Solana is flashing bullish signals as whale accumulation, strong DeFi growth, and a potential short squeeze align near a key breakout level.
- A move above $144 could trigger a sharp rally toward $179.
Solana (SOL) is showing serious signs of a bullish breakout, and traders might be underestimating what’s coming. With whales circling, DeFi roaring back to life, and technicals aligning at a critical resistance, could SOL be gearing up for a surprise move?
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1. Whale Accumulation Signals Confidence
Large holders are back in the game. Wallets holding over 10,000 SOL have jumped by 1.53%—a notable increase that reflects rising confidence among big-money investors. As SOL trades around $139, this accumulation is occurring just below a key breakout level at $144.40. If history repeats, this sort of quiet positioning by whales often precedes explosive price moves.
2. Cup-and-Handle Pattern Forms on the Chart
Solana’s price action has carved out a textbook cup-and-handle pattern, typically a bullish continuation setup. The neckline resistance at $144.40 is within striking distance. A decisive move above this level could open the doors to a run toward $179.48, while failure might trap SOL in its current $135–$140 range a bit longer. Traders are watching this zone closely—any breakout could trigger a cascade of buying.
3. Bearish Bets Could Fuel a Short Squeeze
Despite bullish fundamentals, derivatives traders remain skeptical. The funding rate on perpetual futures dropped to -0.0116%, showing a tilt toward short positions. Ironically, this could amplify a breakout. If SOL surges past resistance, over-leveraged shorts could get caught in a squeeze, fueling rapid upward momentum.
Bonus: DeFi Rebound Adds Fuel
Solana’s DeFi ecosystem is also flashing green. Its Total Value Locked (TVL) has surged over 3% in 24 hours, hitting $9.018 billion. Meanwhile, net spot inflows exceeded $96 million—proof that capital is rotating back into SOL and its ecosystem.
Between strong whale buying, bullish technical patterns, and a DeFi resurgence, Solana is building the case for a breakout. Add in negative funding and the potential for a short squeeze, and you have the recipe for a rally that could catch the market off guard.
Keep your eyes on $144—because if that level breaks, SOL might not look back.