Solana ($SOL )
The recent 2% decline in the price of SOL over the week has given whales a chance to buy, as many expect a recovery in August. SOL has been declining since reaching a peak of $206.18 on July 22. The altcoin is currently trading at $180.67, which is 12% lower than the previous level.
Major holders, owning more than $1 million in SOL, continue to increase their holdings, adding 6.4% over the last week.
If accumulation continues in August, it may again spark optimism around the coin. If retail traders follow their lead, the price of SOL may start to rise and attempt to break the $190 mark.
However, if sell-offs continue, the price of SOL may fall below the support at $180 and reach around $176.33.
