SOL Price Eyes Rebound as Whale Buying and Golden Cross Align
Solana ((solAfter the price drops below $190, the price is trying to recover from the $200 level. This rebound is due to its market capitalization of nearly $97 billion, reflecting new investor interests.
Technical indicators show that if gold crosses form, it may push the price toward a price of $209 and above, and Sol may gain further momentum. However, if the buying pressure is weakened, Sol may face another pullback with key support levels of $187 and $175.8.
Solana whale is trying to recover
quantity Sol whale – Wallets holding at least 10,000 sols have dropped sharply in recent days, from 5,131 people on February 4 to 5,053 on February 11.
This was the all-time high of 5,167 on January 25, after which whale holdings began to be reduced. Such a decline suggests that some large holders are uninstalling their locations, which may be the case Sol Price.
Tracking whale activity is crucial because these large holders play a key role in market changes. After reaching 5,053 times, the number of whales began to increase again, currently at 5,090.
This slow recovery may indicate increased confidence among big investors, but the overall trend remains uncertain. If the accumulation of whales continues, it can support Solana Prices, while stagnation or another decline may indicate further weakness.
Solana DMI shows buyers are trying to control
Solana The Directional Motion Index (DMI) graph shows its average Directional Index (ADX), down 18.7 from yesterday’s 22.2. The decline in ADX indicates a weaker trend intensity, indicating that the previous downtrend may lose momentum.
Meanwhile, +DI rose from 11.3 to 19, while -DI fell from 26.4 to 19, indicating a change in buying and selling pressure.
The trend intensity of the ADX measurement scale ranges from 0 to 100, with a value above 25, indicating a strong trend and a value below 20, indicating a weak or indecisive movement.
With ADX falling and +DI rising, the -Di Falls seem to be trying to reversal in the trend. If the buying pressure continues to increase, SOL can build new upward trendshowever, if ADX is still low, the market may remain merged before a more obvious direction appears.
SOL Price Forecast: Can Solana maintain a level of over $200?
Solana Price Trying to restore the $200 threshold after it has recently dropped below $190. One of its short-term moving averages is close to the cross above the other, which can lead to the golden cross.
If that bullish signal is achieved, SOL may raise the test for $209, while a breakout above that level may push it to $219.9. If the momentum of last month returns, Sol Price It can even rally to $244, marking its highest level since late January.
However, if SOL fails to establish an uptrend, it may face new sales pressure.
A drop to a support level of $187 is possible, and if it is not possible to hold, Sol may drop further to $175.8.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
