As indications of aggressive leverage positions surface, Solana has emerged as the center of attention for high-stakes traders. With 10x leverage, a recent whale-sized perpetual futures position worth over $12 million was opened, indicating a wager on Solana's upward trajectory.
With SOL trying to break through the intersection of resistance zones grouped between $155 and $165, price action has been consolidating just below the critical moving averages, so the timing is not coincidental. Technically speaking, Solana has been progressively pulling back from its June lows, creating higher lows and regaining ground toward the $160 level. Volume profiles reveal consistent engagement โ albeit with less vigor than the earlier impulse waves observed in April and May. #INDIANstock
