Solana’s price is struggling, currently at 120.76 USD after a significant decline. Investors are observing TVL at 8.57 billion USD, remaining under 10 billion USD since late February. Whale activity shows some accumulation, reflecting a cautious sentiment among larger investors, despite the modest increase in address numbers.
If SOL fails to hold the 120.76 USD support, it could decline towards 112 USD. A breakout above the 131 USD resistance could shift sentiment towards a bullish direction, potentially increasing SOL’s price towards 152.9 USD and 179.85 USD if the momentum builds.
Leave a Reply