CandleFocus Solana (SOL) Whales Capitulate? Here's How Much Will Be Sold
2025-03-05
Author: Content Editor
The article discusses increased volatility and whale activity in the cryptocurrency Solana (SOL), indicating the potential for imminent sell pressure. A significant whale has unstaked and put up limit orders to sell a large amount of SOL between $171 and $294. This strategic approach of spreading sales across a broad price range reduces immediate price shock and allows for a gradual withdrawal from holdings. The market historically reacts cautiously to whale sell-offs, as traders fear liquidation and may be reluctant to raise prices. The current price of SOL is approximately $142, and it faces challenges in holding above key support levels. A decline below $120 could lead to further bearish movement. To regain bullish momentum, SOL must break above $167, but strong demand and buying pressure will be needed due to significant sell orders placed above $171. Investors should monitor whale transactions and volume trends to predict SOL's next move.
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