Solana Whale Action Hints at Big Move—$138 or $160 Next?
Tuesday, a big one Solana The whale transferred 494,153 Sauls (for about $72 million) to the Coinbase Exchange, which raised concerns about a potential sell-off.
Large exchange inflows like this often indicate sales pressure is coming, putting SOL’s recent earnings at risk.
$72 million SOL HITS COINBASE, market sentiment
According to whale alert, sol On Tuesday, the whale moved 494,153 Sauls, worth $72 million to the Coinbase agency. Large exchange inflows like this mean that large investors are transferring their holdings from private wallets to exchanges, usually indicating Intent for sale.
The increase in the supply of exchange can increase Sol Priceespecially if not enough to absorb sales demand. As a result, its price may drop in the short term, resulting in further selling.
In addition, the weight-bearing sentiment of the coin increases the risk of such selling. When publishing, this key indicator is below Zero is zero with -0.51.
Weighted sentiment of the asset is analyzed by social media and online platforms to measure the overall tone of voice (positive or negative) surrounding it. It takes into account the number of mentions and the ratio of positive comments. When weighted sentiment is positive, it shows that positive comments and discussions about cryptocurrencies are more negative.
On the other hand, when negative market sentiment is bearish, more negative comments and pessimism are greater than positive discussions about assets.
This trend can increase sales pressure in the SOL market, block new demand and cause its price to fall as traders react to the current situation Bearish prospects.
Will Solana fall to $138 or rise to $160?
At press time, SOL’s trading price was $145.84. If a whale sells out, the price of Sol may Decline to $138.84.
However, on the daily chart, the Saul Bulls seem ready to defend the key level. Reads from technical indicators including parabolic SARs indicate that buying momentum is gaining strength.
At press time, the points that constitute this momentum indicator are lower than the price of Sol, providing dynamic support. When the parabolic SAR of an asset is established this way, it marks a bullish trend. It hints at the possibility of a rally on the price of Saul short term. If this happens, coins can be exchanged for $160.34.
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.
