Solana price rebounds to $200 on whale-led rally, can recovery be sustained?

Anatoly 2025-10-15 20:08 53624人围观 SOL

After a sharp pullback, Solana price has rebounded above key support levels, driven by whale accumulation and growing institutional demand. Summary Solana price has recovered to the $200 level after falling sharply last week, rising nearly 3% on the day.

Following a sharp pullback, Solana price has rebounded above key support, driven by whale accumulation and growing institutional demand.

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Solana price has recovered to the $200 level after falling sharply last week, rising nearly 3% on the day.
CME's new Solana options increased institutional confidence and liquidity with more than 540,000 SOL contracts traded.
SOL’s price currently faces a key test near $235, and a recovery of this level could reignite the uptrend, while a recovery of this level could confirm a bearish reversal towards $155 or even $130.

Solana has climbed back above $200 and is trading around $200.55 as of this writing on October 14, up nearly 3% on the day. This comes after the market sold off sharply last week, with Solana falling to a low of $178.

Despite the rebound, Solana (SOL) is still down about 14% over the past seven days. Prior to the decline, SOL had been consolidating near $230, but struggled with continued selling pressure from broader market weakness and profit-taking.

The recovery appears to be driven by a fresh round of accumulation by whales and strong institutional inflows. Hyperliquid and Arkham showed large wallet addresses opening new long positions and buying heavily in the range of around $180 to $200.

CoinGlass’ spot trading data indicates nearly $3.5 billion in trading volume over the past 24 hours, while decentralized exchange volumes hit an all-time high.

Institutional interest further supports CME Group’s recent launch of Solana options trading, which is regulated by the U.S. Commodity Futures Trading Commission (CFTC), following the launch of Solana options trading on Bitcoin, Ethereum and Ripple. The move boosts liquidity and investor confidence. CME reports that since March, more than 540,000 SOL contracts have been traded with a notional value of more than $22.3 billion.

While these factors have helped the asset recover from last week's lows, the path back to earlier highs remains uncertain.

Solana Price Faces Key Test, Market Moves Suggest Trends May Turn

Solana's recent price action signals a pivotal moment that could determine its next major move. Since its lows near $130 in June, the asset has been on a steady upward trend, consistently forming higher highs and higher lows.

However, this structure weakened in late September, when SOL hit a new low around $190 and bounced higher, but failed to break out of the previous high near $250. The recent pullback dropped below the $190 mark, raising the possibility of a trend reversal.

Momentum indicators such as the Trend Strength Index (TSI) also reflect waning bullish momentum, with readings still below neutral levels. If Solana fails to reclaim higher levels and continues to make lower lows, a bearish reversal could be confirmed, with potential downside targets between $155 and $130, areas that have previously acted as strong support.

On the other hand, Solana price could regain its upward momentum if institutional demand and on-chain activity remain strong. A break above $235 would invalidate the reversal signal and signal renewed strength, which could pave the way for a retest of the previous highs or even the all-time highs set earlier this year.