- The encryption whale was moved to By & S without wearing 120,197 SOL.
- Solana can only meet when it breaks the integration and closes more than $ 154 every day.
As the volatility of the entire encryption market increased, Solana (SOL) avoided deeper breakdown by maintaining $ 143.5 support thanks to Bitcoin (BTC).
On May 6, most cryptocurrencies plummeted, but SOL fell shortly under this major support.
Market sentiment and current price momentum
However, as the price of the BTC rapidly increased by 3%, the SOL pushed the market in green to quickly recover.
At the time of writing, SOL rose 2.75%, recording $ 149.50 semen and trading about $ 147.50. Naturally, the rapid rebound has attracted attention as the volume of trading soared over the last 24 hours.
Crypto Whale is $ 17.55m in SOL, sales time?
The current emotions and volatility of the market appear to have awakened Solana whales.
According to Onchain Lens, the whale did not collect $ 15.5 million of $ 15.5 million and sent this fund to Binance.
Source: X
This noteworthy amount of soles have not been proven after six months. During the same period, the whale was rewarded with 3,802 sol but still faced a loss of $ 7.8 million.
Of course, such a large scale, especially the Bino Nice transfer, often suggests the intention of sales. This can slow down short -term sales pressure and upward exercise of SOL.
Solana price behavior and upcoming level
According to AMBCRYPTO’s technical analysis, SOL seems to increase and integrate the major resistance level of $ 143 in a rigid range between $ 143.5 and $ 154 in the last two weeks.
Source: TradingView
However, the price of the price is generally optimistic. As the asset is cooled before the next move, it often indicates strength.
If the SOL is destroyed by more than $ 154, a 15%rally can be followed and the price can be raised to $ 180.
On the other hand, the drop of less than $ 143.5 can drop to $ 132 in the short term.
Pronounced encryption in consideration of the recent volatility of asset prices The expert pointed out ~ X (Previous Twitter) That $120 Be that The most powerful historic Support For brush.
This area has repeatedly moved the price reversal during the market downturn. Naturally, if the price changes south, $ 120 can provide a major “purchase” opportunity.