- A cryptocurrency whale unstaked 120,197 SOL and transferred it bina price drop signal.
- Solana could only rise strongly if itates phase is broken and daily candle closes above 154 USD.
Amid increasing volatility in The market solSOdeeper decline by holding above the 143.5 USD support thanks to [BTC].
On May 6, when most cryptocwere fallingL fell below this important support p>Market Current Price Momentum<><, quick 3% price increase of BTC pushed the market into the green SOrecover.
At the time of writing, SOL had increased 2.75%, trading around 147.5 USD after reaching an intraday high of 149..5 certainly USD. naturally, this quick recovery attracted attention, with trading volume increasing 40% in the past 24 hours.
p2. Cryptocurrency Whale Unst 17.55 Million USD in SOLLSale Timing?According to Onchain Lens, a whale unstaked 120,197 SOL at17.55 sent USD and sent this amountance p>img The source: X
According to TinTucBitcoin's technical analysis, SOL seems to be accumulating in a narrow range between 143.5 USD and 154 USD over the past two weeks, after breaking through the important resistance level of 143 USD.
This indicates that price action after breaking often a positive sign. This usually suggests strength when the asset temporarily pauses before the the next move.
If SOL breaks above 154 USD, a 15% increase could occur occur, pushing price the price towards 180 USD.
On the other hand, if the price drops below 143.5 USD, it short-trigger a a decline to 132 USD in be the.
Of recent asset price volatility, a prominent cryptocurrency expert noted on X ((formerly Twitter) that 120 USD is the strongest historical support zone for SOL.
This area has consistently initiated price reversals during market declines.>
