$SOL Price in Crisis: Whale Sell-Off Signals Possible Market Shift

Solana (SOL) is navigating a volatile period as major whale sell-offs and U.S. election momentum bring potential gains—and risks. Despite some recent stability, the SOL price has seen significant pressure from whale activity, with one strategic whale selling off 92,000 SOL (worth $14.58 million), adding to previous sales totaling 357,070 SOL this month alone.

Whale Movements: This high-profile whale, known for strategic trades, has profited approximately $87 million from SOL sales since August. Despite these sell-offs, the whale retains significant holdings, including 52,089 JitoSOL tokens and 126,548 SOL tokens, showing confidence in SOL’s long-term potential.

Election-Driven Momentum: SOL recently climbed to $166.22 (+3.58% in 24 hours), bolstered by U.S. election-driven market activity, with investor interest reigniting. If momentum continues, SOL could test resistance at $180 and even reach $200. However, a bearish turn could see it revisit $150.

With the MACD indicator showing a bullish crossover, buying pressure might increase. Can SOL push past resistance, or will whale sell-offs keep gains in check?

Are you prepared for Solana’s next potential breakout? #USElections2024Countdown #NovemberMarketAnalysis #TetherAEDLaunch #USEquitiesRebound