⚡The Calm Before the Storm? Solana Holds Key Price Level as Whales Quietly Withdraw!

With the recovery of Bitcoin, Solana (SOL) successfully held the critical support at $143.5, avoiding a deeper price drop. The current price is approximately $147.5, rebounding 2.75% in the last 24 hours, with a daily high of $150.7 and trading volume surging by 40%, while market sentiment rapidly warms up.

Despite the warming trend, on-chain movements raise alarms—one whale transferred over 120,000 SOL (worth over $17 million) to exchanges amid significant volatility, gaining rewards but suffering a loss of about $7.8 million. Such operations are often seen as potential selling signals, raising market concerns.

Technical analysis indicates that SOL is currently consolidating in the range of $143.5 to $154, suggesting a potential new breakout. If it can stabilize above $154, it is expected to rise to $180; conversely, a drop below $143.5 could see it retreat to $132, or even test the historical strong support at $120.

The market is building momentum; will the next step be a breakout or a retracement? Solana's direction may soon be revealed.