Solana (SOL) is experiencing a rebound in price, driven by positive whale activity and bullish technical indicators. The price has risen by 4.58% in the last 24 hours, suggesting increased investor interest. However, Solana is facing resistance at the $137 and $150 levels. Whales are accumulating SOL tokens, indicating a long-term bullish outlook. While some whales are selling, major holders are still accumulating. Solana is currently consolidating below key resistance levels but may see a breakout soon. The price is finding resistance near the 38.20% Fibonacci level at $141. If a breakout occurs, the price could rally towards $160. Solana is trading within a falling wedge pattern, indicating a potential bullish reversal. The $150 mark is a crucial level of resistance, and breaking through it could lead to further gains. If the price fails to break through $138, it may find support at $120. The price action in the coming days will determine the future direction of Solana.
- Content Editor ( thecoinrepublic.com )
- 2024-09-10
Solana Whales Buy Big: Bullish Breakout Looming for SOL Price?