#MarketDownturn 🚨🚨 Whale Alert 🚨🚨
💥 Solana on the Edge — Whales Move $55 Million in SOL, What’s Next?
➡️ $55 Million in Solana (SOL) Hits Exchanges — What’s Going On? 🚨
➡️ Solana Whales on the Move$BTC
In a major development, Solana (SOL) whales have moved a staggering $55 million worth of SOL to centralized exchanges like Binance and Coinbase in the past 24 hours. According to Whale Alert, a popular blockchain transaction tracker, this massive transfer involved 355,257 SOL tokens, sparking widespread speculation in the crypto community. ➡️ Crucial Levels for SOL 🟢
This massive move comes as Solana hovers around a critical support level of $150. Analysts suggest that the price of SOL is at a pivotal point. If it manages to sustain above this key level, it could surge by 20%, targeting $186. However, failure to hold $150 could see SOL fall back to $130.$BTC
➡️Price Analysis and Market Sentiment 📉📈
Solana is currently trading at around $153.35, reflecting a slight increase of 0.75% in the last 24 hours. Despite the price stability, trading volume has plummeted by 46%, signaling cautious market sentiment. Interestingly, SOL’s open interest increased by 2.78%, showing growing interest from investors and institutions.
As SOL holds firm above the 200 Exponential Moving Average (EMA), it signals that the uptrend remains intact, keeping bulls hopeful for an imminent rally.
