Solana price jumps over 6.5% with strong whale and institutional buying amid market recovery

Solana (SOL) surged more than 6.5% to $93.71, its highest since March 18, driven by increased whale and institutional demand. A crypto whale bought 67,648 SOL worth $6.23 million after seven months of inactivity, while U.S. spot SOL ETFs also saw $6.23 million inflows. Traders show bullish sentiment with heavy leveraged positions around key price levels. The $97.40 resistance is critical; a daily close above it could trigger a 21% rally to $118, while failure may lead to a price drop. The RSI indicator suggests room for further gains.