Solana is trading near the upper boundary of its Bollinger Band at $97.56, a level that historically signals either a breakout or a pullback. Data shows a 68% probability that the token will hit $105 within seven days, provided it can maintain support above $96.50.
Bullish whale bets remain steady
Large holders, commonly tracked as whales, haven't pulled back their positions despite the proximity to resistance. Their continued accumulation suggests confidence in a move higher, though the math leaves room for a reversal if buying pressure fades.
The $96.50 line in the sand
That $96.50 support level is critical. If Solana slips below it, traders expect a rapid decline — the kind of drop that catches late buyers off guard. The Bollinger Band itself is narrowing, which often precedes a sharp directional move, but the facts don't say which way.
For now, the near-term outlook hinges on whether buyers can defend that $96.50 floor. If they can't, the same whale positions that look bullish today could unwind in a hurry. The next few sessions will tell.
