From $27 to $166M: Solana (SOL) Staker Unloads $13.9M, Keeps Massive Stake

Solana whale stakes $27 on Solana, turns it into $153 million in gains, thus showcasing the power of long-term staking

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Solana Whale Makes Massive 1,000,000 SOL Deposit To Binance, Bearish Sign?

On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the assets price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain [...]

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Solanas Short-Term Outlook: TD Sequential Shows Promise Despite Bearish Signals

Solana ($SOL) has been in the spotlight recently, with significant technical and fundamental developments shaping its market outlook. Crypto expert Ali Martinez recently pointed out that the TD Sequential indicator perfectly predicted SOLs intraday top just before the Bybit hack, showing its potential to forecast key price levels accurately. Now, the same indicator is flashing […]

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Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90?

Two high-volume transactions involving Solana (SOL) have caught the attention of the crypto community considering the impact they could have on the crypto tokens price. Moreover, these transactions have come at a time when SOL risks dropping below the psychological price level of $90.  Solana Whales Move $82 Million Worth Of SOL Data from the blockchain analytics platform Whale Alert shows that an unknown wallet address (7v2M…Ao3C) moved 659,283 SOL to another unknown wallet address (3vxh…gkom). The movement of such a significant amount of SOL has raised speculations as to what the intention of the wallet owner might be. Related Reading: Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing A common theory is that the transaction might have been made in a bid to offload these crypto tokens. That could have a negative impact on SOLs price, considering how much is involved. However, the fact that the SOL tokens werent sent to a centralized exchange helps to counter this theory and raises the possibility of the tokens being transferred for other purposes.  Meanwhile, the second recent whale move provides some needed relief to the Solana community, considering the nature of the transaction. Data from Whale Alert shows that 150,000 SOL was sent from a wallet address linked to the Bybit crypto exchange to an unknown wallet address (42br…pJFd). Moving tokens from a centralized exchange (CEX) like Bybit usually passes a bullish narrative as it suggests that the token holder was likely moving their tokens to cold storage. Such a move also means that the Solana whale in question was planning on holding the token long-term, as they believe in its potential to make more gains in the future.  SOL price at $95 | Source: SOLUSD on Tradingview.com SOL To Drop Below $90? Like the rest of the broader crypto market, SOL has recently suffered a decline in its price, dropping below the $100 support level in the process. This current downward trend has also raised fears that SOL could retest the $90 price level and even drop below it if it is unable to find support at that level.  Related Reading: Crypto Analyst Predicts Shiba Inu Price To Surge Above $0.00001 Crypto analyst Bluntz Capital recently provided some insights into where SOLs price might be headed from a technical analysis standpoint. According to him, SOL is likely to bounce first before coming down for a C wave down into the 0.618 later on. From the accompanying chart he shared, one could see that the C wave is placed at $88.99, just below the $90 level.   At the time of writing, SOL is trading at around $93, down over 7% in the last 24 hours, according to data from CoinMarketCap.  Featured image from The Daily Hodl, chart from Tradingview.com

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Solana (SOL) Records 3-Year High As Price Hits $220, Is $260 Next?

Solana (SOL) has seen a massive 35% weekly surge to a new year-high of $220, closing last week above levels not since in nearly three years. As the cryptocurrency soars and whales accumulate, some market watchers suggested SOL is poised to fly to new levels soon. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs Solana Hits Three-Year High Price Solana has been one of the best-performing altcoins this bull run, seeing a massive surge in the past year. The cryptocurrency recently flipped Binance Coin (BNB) as the fourth-largest crypto by market capitalization after nearing the $190 price range last Wednesday. Since then, Solana has broken past the long-awaited $200 barrier and reached a $100 billion market capitalization, cementing its title as one of the cycles leaders. Moreover, SOLs surge above $200 represented a breakout from a 34-week accumulation zone, which saw the tokens price move between the $210 and $110 range. SOL closed its massive week with a 35.6% jump above $215, recording the fourth-largest weekly close in the tokens history. Additionally, Solana hit a three-year high price, challenging November 2021 levels. SolanaFloor noted that SOL has seen a 291% increase in the past year, as the cryptocurrency was trading at $56 on November 11, 2023. The token has also seen a massive 1350% surge from its price two years ago when it fell as low as $10 after FTXs collapse. Solanas recent performance has fueled investor and market watchers bullish sentiment, with large-scale investors seemingly preparing for SOLs new highs. According to On-chain data firm Lookonchain, whales have been accumulating the cryptocurrency. The post highlights that an investor has bought millions of dollars in SOL tokens since October 22. On Sunday, the whale purchased another 7,500 SOL, around $1.57 million, raising its total holding to 257,599 SOL, worth around $56.6 million at the time of writing. SOLs Pathway To $260 Following SOLs breakout, some crypto analysts suggested that Solana is about to hit a new all-time high (ATH). Market watcher CryptoHornHair asserted that the token will soon enter price discovery mode like Bitcoin (BTC). BTC is leading the crypto markets rally, registering a staggering 23% weekly surge and hitting a new ATH of $84,929 today. The analyst stated that Solana has no resistance to be found on SOL above $216 until new ATHs. Altcoin Sherpa also noted that Solana is near ATH territory, suggesting that the $260 target is around the corner. Similarly, Rekt Capital pointed out that the token is technically well-positioned to repeat history with a move to $260 over time. Related Reading: Bitcoin Price Blasts Through $82,000: These Are The Key Reasons The analyst considers SOLs momentous weekly close and retests of the old $202 resistance as support has primed Solana for a surge to the ATH resistance levels. Per the post, the last time SOL performed a weekly close like this, it rallied to $260. At the time of writing, Solana is trading at $219.56, a 6% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana (SOL) Price Surges 14%: Breaks Key Resistance and Eyes $330 Target

Solana (SOL) is experiencing a strong uptrend, breaking crucial resistance levels and positioning itself for even higher price targets. Over the past week, Solana has surged nearly 14%, signaling robust bullish momentum in the cryptocurrency market. This rise comes as part of a broader altcoin rally, fueled by Bitcoins recent surge, which has lifted the […]

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