SOL Eyes $80 as Whales Load Up at $70 Support
By Alphacino Editorial Team ·
Quick Take
SOL holds $70 support with whale accumulation and bullish momentum pointing toward an $80 target.
Solana is flashing one of its cleaner setups in weeks. SOL is trading around $72 — up 2.6% on the day — after successfully defending the $70 support level and printing a local high of $73. Volume jumped 39% alongside the move, suggesting real participation rather than a low-liquidity drift.
The technical picture is quietly building. SOL is holding above both its 9-day and 21-day moving averages, and the Stochastic Momentum Index just completed a bullish crossover, now sitting at 27 and climbing toward the key 30 threshold. When momentum and price structure align like this, the next resistance at $75–$80 becomes a realistic target rather than a wishlist item.
What makes this move more interesting is what the whales are doing. On-chain data from CryptoQuant shows large orders concentrated at $70 and $71 — exactly the levels that held during the recent dip. Spot netflows turned negative for three consecutive days, a pattern typically associated with accumulation. The netflow reading improved from -$1.7M to -$112k, signaling the heavy selling pressure is being absorbed.
The flip side: if buying dries up and SOL loses $70, the next meaningful floor sits around $62. That gap is wide enough to matter. But as long as whales are stacking at support and momentum continues its reset, the path of least resistance still leans bullish.
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