Is Solana Heading to $300 Due to Whale Accumulation?

Solana (SOL) price is at a crucial juncture, balancing bullish consolidation with correction risks. Safeguarding the $224 support is key to targeting $300.

Written by Charles Ledoux

Translated on September 12, 2025 at 10:13 by Simon Dumoulin

Copié

Whale Transfers Reinforce Optimism for Solana

Solana is approaching $240 while Bitcoin reached nearly $116,500 this morning. SOL’s surge is particularly driven by whale accumulation.

Indeed, transfers of $214 million out of exchange platforms indicate strong accumulation by whales and reduced selling pressure. The withdrawal of funds to private wallets suggests a desire to hold, reinforcing confidence in Solana’s long-term potential.

WTF!!

Big whale locked away $60M in $SOL

conviction i would say yes but Pure and simple.

Whales like this don’t think in days or weeks, they think in cycles.

And sometimes, it’s these type of moves that end up rewriting the story of big bull run.

Goodluck to all solana… pic.twitter.com/emvWWBcrOf
— Justin Wu π (@hackapreneur) September 12, 2025

Solana price consolidation and defense of the key $224 level:

SOL is currently trading near $245, consolidating above its breakout line, a resistance level that has long acted as a ceiling.
Maintaining above this threshold could pave the way for a test of $260, or even a push toward $300 if volume confirms.
However, a rejection risks a return to the key support at $200, as the Stochastic RSI indicates overbought conditions.

Nevertheless, overheating in the futures markets could trigger a liquidation cascade in the market:

The Bubble Map of futures contract volume signals overheating conditions, with rapid expansion of activity in recent days.
This increase in open interest often precedes significant movements, but many traders see it as confirmation of optimism.

Recent liquidation data shows that short selling positions have been larger than long buying positions. This imbalance highlights how aggressive bearish positioning has had a positive impact on Solana’s price.

Outlook for Solana: Can it Reach $300?

Solana is at a crucial stage, with whale accumulation, breakout confirmation, and massive short liquidations supporting the bullish momentum. Maintaining defense of the $224 support remains essential to reach the $260 and $300 targets. If successful, Solana could continue its upward trajectory. But failure to defend this key level would result in a return to consolidation around $200.

The 3-day FPP indicates a target of $269. The daily RSI is approaching the oversold zone, but a bullish continuation to at least $246 seems more likely before a potential correction.

How to Easily Buy Solana (SOL)?

Solana is soaring, driven by whale enthusiasm and a promising ecosystem. SOL could increase by nearly 50% in the coming weeks, with a target close to $330. Ready to seize this opportunity? Here’s a simple guide to buying SOL on Zoomex.

Sign up on Zoomex: Visit the official Zoomex website and create an account with a valid email address. Verify your registration via the received link.
KYC Verification: Complete identity verification by submitting an ID card or passport to secure your transactions.
Deposit Funds: Log in, access the “Wallet” section and deposit funds in USDT, BTC, or via credit card to directly purchase crypto.
Buy SOL: Go to the spot market, select the SOL/USDT pair, and place a market order or a limit order at your desired price.

Buy SOL on Zoomex and earn $5 in just a few clicks!

On the same topic:

Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.