SOL Price Holds $200 as Whale Activity Slows Down | Airdrop Alert Pro

Solana ((sol) Price hovered at the $200 level, with its market cap trying to recover $100 billion in trademarks and $4 billion in daily trading volume. Meanwhile, it reached an all-time high of 5,167 on January 25, and the Solana whales are now declining, currently at 5,067.

This shift in whale activity, coupled with the trend intensity of DMI and the trend intensity of EMA lines, suggests that SOL is at a critical point, but is still working.

The highest salt whales are falling

quantity Solana whale – The historical peak of holding at least 10,000 sols with at least 10,000 poles before the decline began on January 25. Although the number briefly recovered to 5,131 on February 4, the number continued to decline and is now at 5,067.

Monitoring the activities of these large holders is crucial because whales often play a key role in market trends. Their accumulation can indicate confidence and potential price increases, while the decline in whale addresses may indicate allocations, increasing the risk of sales pressure.

Although the current whale count is still relatively high compared to historical levels, its lowest point has approached near the last month. This suggests that some large holders may be reducing their exposure, which may introduce volatility If the trend accelerates.

However, the total number still increased, which means there are a large number of whales on the market. Whether this trend continues to decline or stabilize will be a key factor in determining whether it is The next major price in Solana move.

Solana DMI shows sales pressure is easing, but buying pressure remains weak

Solana DMI diagram Showing a sharp drop in trend intensity, with ADX falling from 31.5 to 13.5 over the past three days. ADX or mean directional index measures the intensity of a trend, with a reading above 25, usually indicating a strong trend with a value below 20, indicating a weak or non-existent trend momentum.

Since ADX is now well below 20 years old, it shows that Solana’s recent trend has greatly lost strength, thus leaving the market without a significant directional bias.

Looking at the directional indicator, +DI is 20.9, fluctuating between 19 and 23 between the last two days, while -DI drops from 27.8 to 17.2. This suggests that bearish pressure has been greatly alleviated, but the bullish momentum has not been strengthened enough to establish a clear upward trend.

Because of the very low levels of metric fusion and ADX, Solana is currently in the merger stage rather than a decisive trend. Until a stronger directional movement occurs Sol Price It may continue to trade sideways, waiting for the catalyst to define the next move.

SOL Price Forecast: Will Solana test the $220 resistor soon?

Solana Price The chart shows that its EMA line is shrinking, indicating a decrease in momentum and a lack of clear trend direction. If the bullish momentum returns and develops to an upward trend, Sol Price The resistance level of $220 can be tested first.

Breakthroughs beyond this could trigger further gains, which could raise the price to $244, the highest level since the end of January.

On the other hand, if the downward trend appears and strengthens, Sol Price Its main support can be retested for $187. A break below this level will make the price even more unfavorable, possibly dropping to $176, marking a correction of 12.5%.

This situation will indicate that the seller has gained control, increasing the likelihood of sustained bearish movement. As EMA lines are still converging, the market remains uncertain, and the next step will depend on whether the buyer and seller are leading.