SOL Price Retreats 14.5% While Whales Hit New Peak | Airdrop Alert Pro

Solana (Sol) prices experienced significant volatility In recent days, it has faced critical technical challenges. After hitting an all-time high on January 19, SOL has retreated 14.5%, but is still up 16.7% over the past seven days.

Technical indicators suggest that a strong uptrend is losing steam, with key support and resistance levels likely to determine the next major price move. Despite the recent price correction, the increasing number of whale addresses holding large SOL positions indicates strong institutional interest.

SOL whale population reaches record high

Solana Whale numbers have reached historic levels, with over 10,000 addresses Sol It peaked at 5,137 three days ago before falling slightly to 5,128.

Tracking these large shareholders is critical for market analysis, as whales can have a significant impact on price movements through their trading decisions and often represent institutional players whose actions can be indicative of broader market sentiment and underlying price trends.

The current whale count has jumped to 5,128 in just six days from 5,054 on January 17, indicating strong agency confidence in whales. Sol Although it has declined slightly recently.

This rapid accumulation by large holders could indicate positive price momentum Solana. However, investors should always be aware that concentrated holdings also carry the risk of increased volatility if whales take coordinated action.

Solana DMI shows this trend is losing steam

since SOL price Solana’s Average Directional Index (ADX) has dropped sharply over the past four days from 66.2 to 27.2.

ADX measures trend strength, regardless of direction, with readings above 25 indicating a strong trend and readings below 20 indicating a weak trend. The current reading of 27.2 indicates that the trend remains strong, but has weakened significantly from recent extremely strong levels.

The +DI (positive indicator) fell from 26.2 to 22.2, while the -DI (negative indicator) increased from 12.5 to 17.4, indicating a change in momentum. although Sol Still in an uptrend, these DMI components indicate that selling pressure is increasing while buying pressure is decreasing.

This technical setup usually precedes a period of consolidation or potential trend reversal, although the current ADX reading above 25 suggests that the uptrend still has some strength.

SOL Price Prediction: Will Solana Hit $300 in January?

A shrinking distance between the SOL EMA lines, while maintaining a bullish alignment (short-term higher than long-term), usually indicates an uptrend is losing momentum.

This pattern usually indicates a potential period of consolidation or price correction, although the bullish structure being maintained suggests that the overall uptrend has not yet broken out.

Technical analysis reveals key support and resistance levels that could determine SOL’s near-term direction. A break below $223 could trigger a rally towards $211, and if these supports fail, a further decline to $191.85 is possible.

Conversely, a return to bullish momentum could push Solana Price The target is $295, with a possible breakout of $300 marking a historic milestone.