$SOL #

General Market:

The price of SOL is at $147.32, with a slight decline (‑0.036%) so far. The highest level reached in the session was $152.97 and the lowest was $141.72.

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📉 Technical Analysis – Mixed Signals

1. The formation of a “double bottom” near $147 has seen the price bounce towards $152–153, indicating a slight recovery attempt as per CoinDesk.

2. The “cup-and-handle” pattern is appearing on the daily chart, hinting at a potential breakout towards $200 if it surpasses $166 and $180.

3. Short-term technical indicators: EMA-12 crossing EMA-26 on the 4-hour frame, and MACD is positive, supporting a temporary bullish scenario towards $187–200.

4. Support and Resistance Levels:

Major support between $141–148

Current resistance at $152–153 then $165 followed by $180 after surpassing the channels.

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🐋 Whale Analysis – Accumulation of Whales and Balance Flows

Significant accumulation by “whales”: about 2 million SOL has moved between large wallets, setting the stage for a potential upward move towards technical targets at $152, $159, $183. $SOL

Increase in SOL balance on trading platforms: an increase to 31 million SOL indicates a potential selling intention, which could push the price towards support levels of $123–142.

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📊 Support and General Indicators

Network activity has decreased significantly (decline in trading volume on DeFi), raising concerns about long-term growth.

Nevertheless, institutional investor options are increasing: a 22% rise in futures contracts (46 million SOL/Open interest).