Solana Price Rebounds Above $200, Supported by Whale activity and institutional Interest
solana’s price has climbed back above $200 after a recent dip. As of October 14,it trades around $200.55, gaining nearly 3% in a day. This recovery follows last week’s sharp market correction that saw Solana drop to $178.
Despite the rebound, Solana is still down about 14% over the past week. The recovery seems to be driven by increased whale activity and strong institutional inflows. On-chain platforms like Hyperliquid and Arkham show large wallets buying heavily around the $180–$200 range.
Spot exchange data from CoinGlass shows nearly $3.5 billion in trading volumes over the past 24 hours. Decentralized exchange volumes have also hit record levels.
Institutional interest has been boosted by CME Group’s launch of CFTC-regulated options trading for Solana. Over 540,000 SOL contracts have been traded as March, with a notional value exceeding $22.3 billion.
However,Solana’s path to reclaiming earlier highs remains uncertain. The asset faces a key test near $235. Reclaiming this level could reignite the uptrend. If it fails, a bearish reversal toward $155 or $130 is possible.
Solana’s recent price action suggests a critical juncture.If it fails to reclaim higher levels, a bearish reversal could follow. But if institutional demand and on-chain activity remain strong, Solana could regain upward momentum.
