Solana Price has reached a decisive price level, as he tries to separate from a parallel channel in descending, which limited its movements for weeks. The latest procedures for assets show signs of bullish momentum, as analysts discuss whether this penetration is sustainable.
Meanwhile, the data on the series reveals that the whale has been transferred 494,153 Sol, at a value of $ 71.95 million, to the Coinbase Foundation, adding more speculation about market movements.
Solana Price tries to collapse from the concession channel
In the last Solana price analysis, technical indicators indicate that assets indicate the challenge of the main resistance after weeks of the descending movement. A parallel channel restricts its price, but the last attempt to fracture over the direction line has caught the attention of merchants.
Analyst Ali Martinez shared a scheme to show the price of Solana, which exceeds his resistance to unloading, and targeting a potential rally about 213 dollars. If confirmed, this step may indicate a shift from the landmark to the most sustainable upward trend.
However, the SETH analyst maintains a cautious look, indicating that the price of Solana remains within the broader channel, and faces resistance at decisive levels.
Transfer of the whale 494,153 Sol to Coinbase
In addition, Blockchain tracking platform I mentioned the whale on alert The Sol whale moves 494,153 Sol, at a value of approximately $ 71.95 million, to the Coinbase Foundation. Transport operations often attract the market attention, as it may indicate either the sale of pressure or institutional accumulation.
If the transmitted Sol is intended, it can serve the sale, which may affect the ongoing collapse attempt. However, if the transaction is linked to trading or institutional accumulation over a prescription, it may indicate an increase in demand, which may support more upward movement.
According to the last Solana Whale activities, Sol PRICE may go to hack to $ 180. The accumulation of the whale of 14 million dollars from the pressure of the sale, and the support of the recent recovery to 145 dollars. If the momentum maintains, then breaking the $ 170 resistance can pave the way for Soul Rally About $ 180.
Buyers, as SAR and MACD refer to the outbreak
Meanwhile, Solana’s technical indicators have also turned into a rise, supporting potential collapse. The equivalent sar index (stop and vice versa), represented by the dotted blue lines, has turned to below price candles, indicating a possible reflection of the trend to the upward trend. This indicates that the pressure pressure weakens and that buyers are preparing to control, which increases the possibility of continuous price recovery.
The average divergence of the medium rapprochement (MACD) and the graphic drawing reinforces this upward feelings. The MACD line has started rapprochement towards the signal line, reducing the landfill. In addition, the graphic bars began to turn green, indicating a possible intersection in a positive area. This shift indicates that the purchase pressure accumulates, which can support an upward step of about $ 170 and possibly $ 180 if resistance levels are breached.
However, the historical resistance between $ 175 and $ 185 is still an important test of the original. To confirm the real collapse, Solana Price needs to keep the high size closing over these levels. Failure to do this may lead to rejection, and to push the original again to the concession channel.
More importantly, the Solana Ethereum network outperformed in terms of active users and transaction efficiency. This has led to speculation that the price of Sol could reach $ 500 before the ETH price reached $ 5,000. With 73.4 million monthly active addresses compared to 7.4 million from ETHEREUM, the Solana adoption rate indicates strong capabilities in the upward trend. If this trend continues to grow, analysts believe Seoul can excel In the short term.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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