Solana price shows strong signs of recovery, with rising on-chain activity and big institutional buys suggesting a bullish move toward $180.

Solana is back in the spotlight, and the signs are stacking up fast. Over the past two weeks, SOL has quietly rallied, and it’s not just retail traders paying attention. Big institutional names like Galaxy Digital are making notable moves, while new inflows and on-chain activity are starting to align.

Solana Price Prediction discussions are heating up again, but there’s more behind the momentum than just hype. With large wallet accumulation on the rise, increased protocol revenue, and strong technical setups forming on multiple timeframes, the case for further upside is gaining momentum.

Galaxy’s Solana Bet: Fueling the Fire Behind SOL’s 45% Rally

SOL Solana Price has quietly racked up over 45% gains in just the past two weeks, and now, things are getting even more interesting. In a post shared by SolanaFloor, Galaxy Digital has withdrawn nearly $77 million worth of SOL from exchanges since April 14, including a fresh $19.5 million pulled from Binance just 30 minutes before this data was posted. That kind of activity doesn’t go unnoticed, especially when it’s tied to one of the biggest institutional names in crypto.

Galaxy Digital’s $77 million Solana buy signals confidence in SOL. Source: SolanaFloor via X

The timing and size of these buys are definitely catching attention. Big moves like this usually suggest a shift in where the confidence is going, and right now, it looks like Galaxy is leaning more into Solana. With SOL already gaining strong momentum, this kind of support just adds more fuel to the fire.

Big Wallets Are Warming Up to Solana

Following Galaxy Digital’s eye-catching moves, it looks like large holders across the board are beginning to wake up to Solana’s momentum. According to analyst Ali Martinez, the number of wallets holding 10,000 or more SOL has grown by 1.53% over the past week, rising from 4,943 to 5,019.

Big wallets are quietly accumulating Solana, signaling growing confidence as the number of large holders rises by 1.53%. Source: Ali Martinez via X

This kind of accumulation usually happens quietly under the radar before the market catches on. The steady uptick in big-wallet activity suggests that some are positioning early, possibly betting that SOL’s recent strength still has room to run.

Solana Price Prediction: Strong Recovery Sets Sights on $150 and $180

After weeks of consolidation, Solana has finally broken away from the lower end of its range and not in the bearish way many feared. According to DonAlt, the recent dip below the $120 support zone turned out to be a false breakdown. Price swiftly reclaimed the level and is now hovering just above $130, suggesting that buyers stepped in exactly where they needed to.

Solana shows strong recovery, with a price push toward $150 and potential for a move to $180. Source: DonAlt via X

From a broader view, this rebound aligns with the slow but steady shift in sentiment we’re seeing from whales and institutions. If macro conditions don’t take a turn for the worse, Solana could be setting up for a gradual push higher. Crypto analyst DonAlt believes the next hurdle sits around the $145 to $150 zone, which is the main resistance from earlier in the month. A clean breakout above that could open doors back toward the $180 to $200 level.

Solana Price Analysis: Bullish Breakout Inbound!

Solana is showing a clear inverse head and shoulders pattern, which can often signal a shift in trend. This is happening right as Galaxy Digital made a big move. Analyst AMCrypto also points out that a proposal to lower SOL’s inflation to 1.5% is in progress, and there’s growing talk of an ETF approval with odds around 85%. Together, these signs are adding strength to the setup.

Solana shows bullish breakout potential with a key level at $155, targeting $180 and $200. Source: AMCrypto via X

The main level to watch now is $155. If SOL can break above it and hold, the next targets around $180 and $200 could be within reach. With big buyers stepping in and interest building, this move doesn’t only seem driven by hype rather, it looks like a mix of solid structure and growing confidence.

Solana On-Chain Activity Shows Highest Revenue Since February

Beyond price and big buys, Solana’s network is showing signs of real usage. According to analyst Giannis Andreou, Solana just recorded its highest daily revenue since February 21. This metric, known as Real Economic Value (REV), has been climbing steadily since early April. The chart shows a clear uptick in transaction fees and user engagement. This kind of on-chain growth often supports sustainable rallies.

Solana’s on-chain activity surges to its highest revenue since February. Source: Giannis Andreou via X

This rise in activity adds more strength to the bigger picture. As Galaxy Digital steps in and large wallets continue to grow, the increase in on-chain usage suggests the interest isn’t just speculative.

What’s Next for Solana?

With price pushing key levels, institutional backing growing, and on-chain metrics showing real strength, Solana is lining up for a potentially important breakout. The $155 zone remains the key level, flipping it into support could shift momentum quickly toward the $180 to $200 levels. While nothing is guaranteed, the current mix of technical setups and rising network activity gives bulls a solid foundation to work with in the near term.