📈 Solana (SOL) is grabbing attention after two massive transfers between anonymous wallets totaling 1.38 million SOL, worth over $235 million. These transactions came as SOL was trading just below the key resistance of $180, and analysts are split—does this mark the beginning of a fresh rally, or is a profit-taking wave ahead?
🔍 What’s happening with the price?
Solana surged over 4% today, reaching $177.28. Technical analysis shows a rising triangle formation, often a precursor to upward movement. If the price holds above $176 and breaks through $178, the path toward $180–$185 becomes clearer.
Capital Inflows Support Bullish Momentum
According to spot market data, Solana recorded a net inflow of $29.76 million, with inflows significantly outpacing outflows. This suggests investors are accumulating SOL rather than selling it.
Funding rates on Binance have also turned positive, currently sitting at 0.0076%. This indicates that traders are willing to pay a premium to hold long positions, which signals increasing bullish confidence.
Social Buzz Is Low – and That Might Be a Good Thing
Interestingly, social metrics for SOL have declined. Social dominance has dropped below 3%, and overall mentions remain low. Analysts note that less social noise could actually mean this rally is driven more by conviction than by hype—potentially pointing to a healthier price trajectory.
Technicals Favor the Bulls
Technical indicators such as MACD are flashing green, with both signal and MACD lines converging upward. If SOL clears the $178 mark, the lack of liquidation clusters in this range could allow a swift move toward $185.
Data from CoinGlass shows most short positions have already been liquidated, removing the risk of a sudden correction as prices climb.
Conclusion: A Steady Climb, Not Just Speculative Mania?
✅ With $235 million in whale activity, a solid $29.76 million net inflow, and strengthening trader sentiment, Solana appears to be rallying not on hype—but on fundamentals. The absence of loud social buzz might just be the green light for a sustainable bullish run.
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