Solana rattled by whale moves – is SOL’s path to $160 still alive?

Solana exhibits mixed signals from whale transactions, with one whale selling 44,539 SOL for a $6.8 million profit and another staking 61,838 SOL valued at $8.88 million. This indicates diverging investor sentiments.

SOL remains below crucial moving averages and has an RSI of 36.84, implying weakened momentum. A rise in Open Interest indicates trader caution as they anticipate potential price corrections.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts