Solana is showing signs of a potential breakout due to recent whale actions and a positive shift in market sentiment. Notably, a significant whale transfer of over 17,481 SOL to Kraken suggests increased interest in the asset.
Currently, SOL is priced at 148.52 USD, reflecting a minor decline of 1.74% over the last 24 hours. Retail investors remain optimistic, while institutional sentiment is more cautious following recent price fluctuations.
Technical analysis indicates that SOL is nearing vital resistance at 153.65 USD, supported by a bullish divergence from MACD, suggesting a breakout could lead to further upward momentum.
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