Whales Buying as SOL Price Falls Below $190 | Airdrop Alert Pro

Solana (Sol) price has experienced a sharp decline, falling nearly 11% in the past seven days after failing to break the $220 resistance. Following the rejection, SOL fell below the key $200 threshold, reflecting intensifying bearish momentum.

Despite the downturn, whale activity is showing signs of renewed accumulation, with large holders steadily adding to their positions over the past five days. While bearish pressure remains on SOL’s near-term outlook, these developments suggest the potential for a price rebound.

SOL whales keep accumulating

Hold at least 10,000 addresses Sol Between December 28 and January 2, there was a sharp decline from 5,096 to 5,025 shares, reflecting significant selling by major shareholders during this period. Tracking these so-called whales is crucial because their buying and selling activity often has a significant impact on the market.

When whales reduce their holdings, it may indicate a lack of confidence or profit-taking, leading to increased selling pressure and potential price declines.

However, the number of whale addresses has begun to recover, increasing from 5,025 on January 2 to 5,098 on January 8. This rebound suggests a renewed accumulation by big investors, which could be a positive sign Solana Price It will stabilize or recover in the near future.

Although SOL is in a downtrend, down 14% over the past two days, increased whale activity could signal improving market sentiment and could set the stage for a price reversal if the trend continues. Such moves typically reflect a shift in confidence, which could support SOL’s price in the medium term.

Solana DMI shows sellers have full control

Average Directional Index (ADX) Sol It is currently at 42.6, up from 37 a day ago, showing a strengthening trend. ADX measures trend strength on a scale of 0 to 100, regardless of direction, with values ​​above 25 indicating a strong trend and values ​​below 20 reflecting weak or lack of momentum.

The rise in ADX confirms that SOL’s current downward trend is intensifying, indicating that bearish momentum is dominating the market.

Further supporting this, directional indicators show that +DI, representing buying pressure, has dropped significantly from 31.5 to 10.1 over the past three days, highlighting a sharp decline in bullish activity. Conversely, -DI, ​​which tracks selling pressure, surged from 8.6 to 33.1 over the same period, indicating a significant increase in bearish momentum.

These changes reinforce the current downward trend and indicate Solana Price Unless buying activity intensifies significantly to offset negative sentiment, continued selling pressure is likely.

SOL Price Forecast: Can the $200 mark be restored?

Solana The EMA lines indicate a bearish outlook, with the short-term EMA crossing all long-term lines a day ago. This death cross is an important bearish signal and coincides with a sharp price decline from $200.

If the current downward trend continues, SOL price A test of the key support at $185 is likely. Failure to hold this level could lead to further losses, with the next key target being $176.

However, recent whale activity has brought a ray of optimism as large holders have been steadily accumulating SOL over the past few days. This build-up could signal increased confidence among major investors and potentially set the stage for a reversal.

If bullish momentum returns, SOL price A challenge to the $197 resistance is likely. A break above this level could pave the way for a rise to $211, which would imply a potential recovery of 12.8% from current levels.