Solana rallies 14% as addresses rise and whales trim holdings

Solana has jumped 14% in the past 24 hours to $90.5, breaking out of a month-long consolidation and holding above the $88 support level.

Daily new addresses on the network rose 17% over the past two weeks, climbing from 7.42 million to 8.7 million, a sign of growing demand. The Money Flow Index has moved into positive territory after a period of sell pressure, indicating buying demand now outpaces selling.

Large holders—those with more than 100,000 SOL—trimmed their share of supply slightly, dropping from 59% to 58.6% as some offloaded into the rally. New addresses and smaller investors have been absorbing that supply, spreading ownership and helping to stabilise the bullish momentum, though further whale selling could pose a risk.

Having escaped the $77–$88 range, SOL appears poised to test $97 as the next resistance and could push toward $105 if investor support holds. A drop below $88 would invalidate the bullish outlook, risking a return toward $77 and, if that fails, $67.

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