A large holder of the cryptocurrency Solana (SOL) transferred a significant amount of SOL to the Coinbase exchange, raising concerns of a potential sell-off. This influx of supply on exchanges can put downward pressure on the price of SOL, especially if there is not enough demand to absorb the selling. Additionally, the weighted sentiment for SOL is negative, indicating a bearish outlook and potentially worsening the selling pressure. Currently, SOL is trading at $145.84, but if a sell-off occurs, the price could decline to $138.84. However, technical indicators suggest that SOL bulls are defending key levels, with buying momentum gaining strength and the Parabolic SAR indicating a bullish trend. If this continues, SOL's price could rally to $160.34 in the short term.



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