SOL coin is about to break through all-time highs? The fierce game between institutions and giant whales hides mysteries

Anatoly 2025-10-16 00:56 55781人围观 SOL

Can SOL coin really become the next star after BNB and ETH? The answer to this question may lie in the current fierce competition for the $220 mark. On the one hand, institutions are spending US$1.65 billion on the layout, and on the other hand, whales are continuing to sell off. This silent capital competition is determining the future direction of SOL.

SOL coin price chart

Long-short showdown: $220 becomes a key battlefield

The current price of SOL is in a tug-of-war around US$220, with the latest price quoted at US$219.83, down 5.39% in 24 hours. This correction occurred against the backdrop that SOL had just exceeded $250 in the middle of this month and set a new high for the year, and market sentiment was clearly divided.

On-chain data reveals a silent capital battle: Institutional investors such as Pantera Capital are buying heavily, while whale addresses holding large amounts of SOL continue to transfer hundreds of thousands of SOL to exchanges in preparation for selling. Behind this long-short game is the fundamental difference in the market's judgment on SOL's future value.

Technical indicators show that SOL is at a critical node that determines the market outlook. The relative strength index (RSI) is 45.89, which is weak in the neutral range. ； MACD indicator shows short-term bearish momentum ； The Bollinger Bands indicator indicates that important directional choices may be coming. The $200 integer mark has become an important line of defense for bulls.

Institutional Bullish vs. Whale Sell-Off: Who Will Win?

The enthusiasm of institutional investors is remarkable. Galaxy Digital purchased $240.58 million worth of SOL within 5 hours, while institutions such as Pantera Capital spent $1.65 billion to lay out the Solana ecosystem. This accumulation of institutions is real and its scale is staggering.

At the same time, continued selling of whale addresses has put pressure on the market. These large holders appear to be taking profits, causing short-term price pressure. This confrontational situation makes the $220 area a key battleground. Once broken, it becomes the bottom line that buyers need to defend.

Institutions gamble with giant whales

Historical Performance and Future Forecasts: Is the $460 Target Realistic?

Looking back at SOL's historical performance, it reached an all-time high of $259.96 on November 6, 2021. Although the current price has not reached the all-time high at the beginning of the year, it has rebounded strongly from the trough in 2022. Some analysts believe that if buying continues and technicals remain unchanged, near-term price targets will be $250 or $300.

More optimistic forecasts even extend price targets to $350-$460. Galaxy Digital has a price target of $460, and while mainstream media support for this exact number appears to be limited, the optimism is spreading in the market.

Technical analysis shows that before a sharp correction occurs, the price targets that SOL is most likely to focus on are around $260, around $380, and around $460. This step-like rise expectation has attracted many investors.

Is now the best time to deploy SOL?

Market volatility has increased, with SOL’s current price stabilizing at around $220. Judging from the 30-day increase, SOL still rose by 26.88%, showing strong market momentum. Traders pointed to an important support level near $220-$230, and once this area is broken, it becomes a bottom line for buyers to defend.

Volume spikes on some upbeat moves, making the move stronger and potentially accelerating both the advance and the pullback. A short squeeze was also observed, where traders who were short SOL were forced to close their positions, which could push the price even higher.

SOL investment timing analysis

For long-term investors, the continued development of the Solana ecosystem and the high level of institutional attention are important benefits. But short-term investors need to be wary of the volatility risks brought about by whale selling. Market commentary reports show that the current range of price forecasts is already wide, reflecting analysts' differences on SOL's future trends.

Regardless of the final outcome, SOL’s position in the cryptocurrency market cannot be ignored. Its performance not only reflects market sentiment, but is also deeply affected by network upgrades, ecological development and macro events. Investors need to consider these factors comprehensively when making decisions, rather than just chasing price fluctuations.