Cost Basis Heatmap Identifies $171 As Key Solana Support With 12.4M Tokens Accumulated

Solana faces $86.65M net outflow while trading near $180.88, reflecting strong market volatility.

Cost basis heatmap identifies $171 as key support, backed by 12.4 million accumulated SOL tokens.

SOL price fluctuated between $150 and $200 through August with frequent rebounds and pullbacks.

For the last one month, Solana has been maintaining an uptrend that has been accompanied with slight dip and spikes. However, the 24H chart has revealed a downward trend pushing its price below the $190 zone. Despite the slight dip in its action, market analysis has hinted at continued accumulation as many investors dive deep during its lows

Solana Cost Basis Heatmap Shows $171 as Key Support

According to an observation revealed by Ali Charts, it is evident that Solana’s cost basis distribution heatmap for the past month reveals major supply zones tied to recent market activity. The chart combines price action with supply distribution, offering a clear view of accumulation levels across the network

Source: X

Between July 18 and July 22, Solana climbed gradually before accelerating into a sharp rally that peaked on July 24 The momentum shifted downward immediately after, with steady declines lasting until August 1, when the price reached the lowest level recorded in the timeframe

Attempts to recover began soon after, with smaller rebounds and pullbacks visible until August 7 Stronger momentum returned on August 9, leading to another peak on August 13. By August 15, the token retraced slightly but remained above its early August low. Data shows that $171 remains a critical support level, where 12.4 million SOL tokens have been accumulated.

Solana Records Major Net Outflow as Price Pulls Back from $200

Solana registered a significant market shift in mid-August with notable movements in both spot inflows and outflows. CoinGlass data at the time of press shows a net outflow of $86.65 million while the token traded at $180.88. SOL’s price ranged between $150 and $200 during this period, recording sharp fluctuations over short intervals. On August 10, the token moved above $190 before retreating toward $160 by August 13

Source: Coinglass

A rebound followed, pushing the price close to $200 on August 17 before slipping again. These movements underlined strong volatility in the trading range observed throughout August. Spot netflows mirrored these shifts with alternating inflows and outflows. Several positive inflows occurred during early August, indicating increased market activity

However, stronger negative outflows followed, culminating in one of the largest single-day declines by August 18. Between late July and mid-August, SOL repeatedly rebounded after pullbacks, showing frequent sharp recoveries. Netflow changes aligned with this volatility, reflecting consistent accumulation phases followed by large exits. The most recent movement coincided with the price adjusting lower from the $190–$200 zone.