Whales have moved 836 million USD in SOL, creating potential sell pressure. Solana must hold the 214 USD support level to aim for a 260 USD rebound. Despite a 27% drop in daily active addresses, funding rates for SOL remain positive, reflecting bullish sentiment.
With whale activities influencing Solana’s trajectory, key price action around 214-220 USD indicates crucial support for possible upward movement. However, declining user engagement and mixed signals from derivatives trading raise concerns about volatility and sustainability in the market.
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