🔹 **Whale Activity:**
- A whale unstaked **100K SOL ($13.9M)** after 4 years and deposited it to Binance.
- Originally staked **991K SOL** at **$27**, now sitting on **$153M in profits** with **1.19M SOL still staked**.
🔹 **Market Sentiment:**
- SOL wallets dropped from **11.11M to 10.83M** since April 17, hinting at **decreasing retail interest**.
- Investors are booking profits amid recovery.
🔹 **Technical Analysis:**
- **Inverse Head & Shoulders (IH&S)** pattern forming since March—suggests a **strong reversal setup**.
- **Current resistance:** $130–$145 (historically significant zone).
- Potential **pullback to $114–$120** before another breakout attempt.
🔹 **Indicators & Outlook:**
- **RSI** just under **60** → bullish momentum gaining traction.
- **Bollinger Bands** widening → price near upper band, possible breakout.
- **MACD histogram** climbing → bullish crossover hinting at further strength.
🔹 **Potential Scenarios:**
- Breakout could push SOL toward **$158–$162** resistance (1D EMA200 level).
- Weak market conditions may bring a drop to **$95 or even $70 (0.786 Fib level)**.
- Analyst **Sri Phoenix** predicts a **SOL dip to $80 in near-term**.
Would you like a deeper dive into
any of these aspects? 🚀
