Solana (SOL) has been struggling with a bearish trend and its total value locked (TVL) in its DeFi ecosystem has been declining, raising concerns about weakening demand. The number of Solana whales has also decreased, indicating potential selling pressure on SOL. To regain bullish momentum, SOL would need whale accumulation, a recovery in TVL, and a breakout above key resistance levels. The current setup remains bearish, but if buying momentum strengthens, SOL could climb towards $160.7 and potentially test $180 resistance. On the downside, if bearish momentum intensifies, the price could retest support at $130.
Content Editor ( beincrypto.com )
- 2025-03-07
Solana (SOL) Struggles Below $150 as Whale Accumulation Slows
