Solana (SOL) is attracting attention after the price surged to a record high of $263 thanks to Trump's victory in the US elections. However, the price has dropped over 11% since then. 🐋
- Large investors remain unaffected, continuing to buy into SOL. Data from Lookonchain shows that many large wallets have withdrawn SOL from Binance, transferring it to cold storage, reducing immediate selling pressure.
- Analyst IncomeSharks has noticed a "head and shoulders" pattern on the SOL price chart but believes that the Supertrend support could help the price bounce back. Jelle predicts SOL could reach $600 if it holds above the old high of $225. 🚀