Whale Moves $20.8M in SOL from Binance

A crypto whale with the wallet tag “AA21…VxH9″ moved 123,500 SOL, worth $20.80 million, from Binance today, according to Lookonchain

The large transfer happened while the market was recovering, with signs of accumulation. However, Solana’s price has not reacted much, as it still stays around its recent levels

As of now, Solana (SOL) is priced at $172, up 6% in the last 24 hours. But its trading volume has dropped by 28% according to Coinmarketcap

SOL has recently fallen below its $180 support and has also moved below the 200 EMA (Exponential Moving Average), which is an indicator of a bearish direction

Based on the chart via TradingView, SOL might be stuck between $160 and $180 unless it breaks above $190. If the price falls below $160, it could drop another 20% to $120. For now, the market is waiting to see if buyers step in or if the price keeps falling