Solana's price could snap through the $92 barrier within the next two weeks, according to an analysis that puts the probability at 70%. The token, currently trading around $85, is getting a lift from large-scale whale accumulation that appears to be overriding cautious technical signals.
Whale activity driving the momentum
On-chain data shows that major holders are steadily adding to their positions, a move that often precedes a price rally. This accumulation has become the dominant factor in Solana's near-term outlook, even as technical indicators flash warning signs at the $85 level. Traders appear to be betting on continued buying pressure from deep-pocketed investors rather than reacting to the charts.
Technical indicators still flashing caution
Despite the bullish whale sentiment, the technical picture isn't clean. Analysts point to resistance near $92 and a series of lower highs that suggest the uptrend isn't fully confirmed. The $85 support has held, but volume hasn't picked up enough to convince everyone that a breakout is imminent. The clash between whale activity and weak technicals makes the next few days critical.
What CoinCodex sees for year-end
CoinCodex, a crypto forecasting platform, projects Solana ending the year at $127. That's roughly a 50% gain from current levels. The prediction implies that if the $92 breakout happens, the path higher could open up, but it doesn't ignore the possibility of a pullback first. The 14-day window for the $92 test is the immediate focus.
The question now is whether the whales can sustain their buying long enough to push through the resistance. If they do, the technical caution may fade. If not, Solana could drift back toward lower support levels. Either way, the next two weeks will tell.
