$SOL
Here is a clear summary of the news and points to watch for Solana over the past two days:
đč On-chain movements & volatility
A SOL whale transferred 299,999 SOL (â 52.8 M$) to Coinbase, fueling speculation of a possible massive sale. Despite this, the price remains solid, moving from $166 to a peak of $178, before stabilizing around $176â177.
Trading volume surged by +47% to ~9.5 billion $, reflecting strong activity that could absorb a potential outflow of capital.
đč Institutional sentiment & technicals
Fundamentally, Solana is attracting increased institutional attention for its fast and low-cost transactions, positioning the network in the race to compete with Ethereum.
Technically, Solana shows bullish signals: an âinverted head and shouldersâ reversal suggesting a possible breakout above $185, while support around $160 remains strong.
đ Key points to watch
1. Resistance zone $185: A breakout would confirm the continuation of a rally; otherwise, there is a risk of consolidation.
2. Support zone $160â166: To be protected to maintain the bullish structure.
3. Volume and on-chain flows: Monitor triggers for massive sales on exchanges like Coinbase.
4. Institutional initiatives: New integrations or SOL ETFs (via SEC guidance) could trigger new inflows.
đĄ In summary, Solana shows promising momentum: institutional support, favorable technical setups, and vigilance against whale movements. However, volatility remains high â so it will be important to closely monitor volumes, on-chain transfers, and reactions to key levels of $160 and $185.
