Solana (SOL) price has increased by 10% as it tries to hold above $200 and its market cap has gone back above $100 billion. However, trading volume has dropped by 40%. The number of Solana whales, which are addresses holding at least 10,000 SOL, has rebounded, indicating continued accumulation by large holders. The DMI chart shows a strengthening trend, but the direction of the trend is uncertain. Solana's price is currently trading between $222.8 and $191, and a breakout in either direction could determine the next major move. If the price breaks the resistance at $222.8, it could climb towards $244.99 or even $271. Conversely, if it loses support at $191.69, it could go down to $181.91 or even $168.77.
Content Editor ( beincrypto.com )
- 2025-02-04
Solana (SOL) Price Recovers 10% as Whale Accumulation Grows
