Solana Price Rebounds, Eyes $235 Level Amid Whale Activity and Institutional Interest
Solana’s price has climbed back above $200 after a sharp correction. It’s now trading around $200.55, gaining nearly 3% in a day. This recovery follows last week’s market selloff, which pushed Solana as low as $178.
Despite the rebound, Solana remains down about 14% over the past week. The recovery seems to be driven by whale accumulation and strong institutional inflows. On-chain platforms like Hyperliquid and Arkham show large wallets buying heavily around the $180–$200 range.
Spot exchange data from CoinGlass indicates nearly $3.5 billion in trading volumes over the past 24 hours. Decentralized exchange volumes have also hit record levels.
Institutional interest has been further supported by CME Group’s recent launch of CFTC-regulated options trading for Solana. Over 540,000 SOL contracts have been traded since March,representing a notional value exceeding $22.3 billion.
Solana’s price now faces a key test near $235. Reclaiming this level could reignite the uptrend. However,failing to do so may confirm a bearish reversal toward $155 or even $130.
Solana’s recent price action suggests a critical juncture.The asset has been in a steady uptrend as its June low near $130. However,that structure weakened toward the end of September. If Solana fails to reclaim higher levels, a bearish reversal could follow.
Conversely, if institutional demand and on-chain activity remain strong, Solana price could regain upward momentum. A decisive move above $235 would signal renewed strength, potentially paving the way for a retest of prior highs.
