Solana (SOL) is currently in a consolidation phase after facing resistance at $163, with support at $135. Large investors, or whales, are accumulating SOL, indicating a potential bullish breakout, especially if it surpasses the 50% Fibonacci level at $154. If upward momentum continues, targets could reach $175 and possibly exceed $200.
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0 posts last weekSolana Price Analysis and Whale Activity Insights for Future Trends
Solana (SOL) is currently facing challenges, trading under $150 with recent fluctuations indicating a horizontal market trend. Whale activity has surged, with significant transfers totaling over $8 million, suggesting potential market movements. Despite a 20.26% decline over the past month, technical indicators show weak bearish momentum, with key support at $170 crucial for stabilization.
read moreWhales Increase Solana Stakes Amid Consolidation and Potential Bullish Breakout
Whales are increasing their stakes in Solana as it navigates a consolidation phase following a pullback from $163 to support at $135. With a market cap of $66.50 billion, the asset is poised for a potential breakout, targeting levels of $154 and beyond, possibly reaching $200 amid broader market recovery.
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