In the past two days, two whale investors withdrew approximately $41.4 million worth of SOL on the Binance exchange and staked it, showing their bullishness in the asset. Solana’s price recently broke out of a triangle pattern after a four-month consolidation period, showing strong upward momentum with intraday gains of 47%. Future price predictions suggest that SOL could reach $266, marking a potential growth of 50%.
key point
- Solana’s price recently gained 4.5%, showing its resilience above the $170 support.
- Two whale investors have withdrawn and staked a total of 238,893 SOL in the past two days, demonstrating their tactical decision-making.
- SOL’s price rebounded from a correction bottom of $121 to $178, marking a 47% bull run.
- Solana’s futures open interest increased significantly, rising from $1.77 billion to $2.81 billion, reflecting the market’s optimism.
- The daily EMA shows a bullish arrangement, indicating that the market trend is established.
- SOL recently broke above the upper boundary of the triangle, ending a four-month consolidation and turning to upside support.
- The ADX indicator rose to above 26%, indicating that there is still enough room for growth.
