CandleFocus Will Solana Reclaim $180, Price Retraces Below $176 Support Level
2025-02-22
Author: Content Editor
A Solana (SOL) whale has withdrawn 174,767 SOL tokens worth $30.37 million from Binance and staked the funds. Despite a drop in price, Solana's market value has risen 3%. The price has since retraced but has shown upward movement. Solana's market cap is over $84.86 billion with a trading volume of $4.03 billion. Analysts predict a bounce in price if a strong base is formed. The market is showing high volatility, with the ADX indicating a weakening trend strength. The $180 mark is a strong resistance level, while the $176 price area provides support.
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