#ArbitrageTradingStrategy
Solana Price Outlook: Can SOL Rally to $184 After $31M Unstake?
Solana’s SOL has fired off three green candles in a row and Bulls took notice. Momentum built quickly. The charts leaned bullish. Traders began aiming for $184 with renewed optimism. But then came a twist. FTX and Alameda unstaked $30.94 million worth of SOL. That move raised concerns. Price dipped slightly. Traders paused. Now everyone wonders—is this a minor speed bump or a real threat to the rally? One thing is clear: all eyes are on what happens next.
Bullish Patterns Strengthen the Case for Upside
According to Lookonchain, the two collapsed giants—FTX and Alameda—removed 189,851 SOL from staking. The amount totals close to $31 million. Last time, they unstaked to repay former users. Whether they intend to sell again remains unknown. Still, even without confirmation of a sale, the market responded. SOL dropped from above $166 to around $163. The dip wasn’t massive, but it followed strong upward momentum. Traders began watching closely for the next move.Despite the temporary pullback, technical analysis suggests bullish strength.
SOL recently broke out of a long descending channel. It then moved out of a tight consolidation zone. Most importantly, it rallied through a clean inverted head and shoulders pattern. This bullish structure holds serious weight. In addition, SOL crossed above the 200-day Exponential Moving Average. These signals together build a case for further upside. If price holds above the neckline of the head and shoulders pattern, a 15% rally could follow. That would push SOL close to the $184 target. However, bulls must maintain support above key levels to make that move happen.#Write2Earn #ShariaEarn #USCryptoWeek #TradingStrategyMistakes $SOL $BTC