The behavior of the whale in the Solana Rocks market causes another, but in a good way. The value of the distinctive symbol increased by 9 %, reaching approximately $ 137. Large numbers of People moneyThe “whales” called, leading to huge amounts of Solana Chefir. Technical signals indicate a strong and increasingly open momentum, making traders optimistic and stuck on Celphone or PC screens.
The whale invests millions of dollars in Seoul
One of the main investors bought 50,000 Sol, worth $ 7 million, from Lookonchain offers. There were other whales that raised 41,096 Sol, or 6.90 million dollars. By reducing the extent of the offer currently used, this purchase activity can help install prices.
This type of whale appetite is not new Solana. Historically, the large acquisitions resulted in high prices, and traders expect this trend to continue.
Whales accumulate $ Sol!
AHDUMW … QMNJ Pull 54,544 $ Sol(7.46 million dollars) from # 2 hours ago.
7i6fur … Kp5J 41,096 pull $ Sol(6.96 million dollars) from # One hour ago and avoid it.https://t.co/CVCPGVEKARhttps://t.co/ksy2f5uzbahttps://t.co/uewsxsnvlr pic.twitter.com/PCA0MCDJU
– Lookonchain (@swearonchain) February 28, 2025
The open interest in Solana Futures increased from $ 2.2 billion to $ 2.7 billion, indicating that players with hooks are still interested. The relative power index is close to the peak area, as the average spacing of medium rapprochement destroys a strong signal.
There are technical signs that support the upward trend. After reaching 68 years, relative strength indicators are now close to the area where prices are very high. Some merchants may think it will decrease if the 70th brand violates.
MACD notes that the purchasing momentum is still strong. Traders are often used this to determine whether the original has a possibility for further growth or if the reflection is imminent.
Historical whale accumulation and increased Sol prices
The whale activity was historically an important factor in the Solana price movement. Teller It reached its climax at all, amounting to $ 262 in November 2024 as a result of the purchase of the distinctive code by whales worth $ 35 million in just two days.
Since late October 2024, one whale has collected more than 257,000 Sol, to nearly $ 54 million. This has contributed to the fact that the market value in Solana exceeds $ 100 billion, making it one of the most prominent Altcoins in the market.
The road in front of Seoul
Solana short -term expectations are favorable, as whales continue to increase their holdings and increase their open interests. Traders should monitor potential correction indicators with the relative strength index approaching the peak purchase area.
At the present time, the upscale momentum is uncompromising, and as previous trends indicate, the accumulation of whales can indicate more upscale movement. Solana’s ability to maintain this trend depends on the purchase pressure and the flow of new investors.
Distinctive image from ASA-Leb, tradingView graph
