- The price of Solana (Solana-SOL) has recently stabilized with a decline of about 1.29% over the last 24 hours to around $154.00, with daily trading volumes reaching $2.2 billion. This follows the transfer of some whales (large investors) of SOL balances worth $161 million, resulting in losses for their investors of about $323 million due to selling pressure from major holders; Whale Alert reported the transfer of nearly one million SOL coins, indicating a prevailing caution in the atmosphere due to current macroeconomic fluctuations.

On another note, technical indicators confirmed a shift in trend; the price of SOL settled below a key support level, which is the 34-day Exponential Moving Average (EMA-34) at $163.20, suggesting a buildup of selling pressure due to increased trading volumes. However, the price remains within the support range of $150-$156 given the stability of the EMA-50 and EMA-100 indicators within it.$SOL