The cryptocurrency market is recovering, with Bitcoin and altcoins gaining momentum. Solana’s price has increased by 1.3% and is currently trading at $240. Its market cap is at $114.5 billion, and the 24-hour trading volume is at $4.89 billion. Large holder interest, or “whale accumulation,” signals confidence in a potential Solana price breakout.
The coin’s price trading above fast-moving Exponential Moving Averages (20 and 50) indicates a strong bullish market sentiment. If there is a prolonged correction, the SOL buyers could see support at $200 and $180 levels. On-chain data shows significant Solana accumulation by whales, which historically has coincided with major market bottoms and breakouts.
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<p>The post Crypto Market: Solana’s Recovery Sentiment and Whale Accumulation first appeared on CoinBuzzFeed.</p>
