Solana’s bullish trend is supported by rising open interest and technical indicators.
Key resistance levels could determine Solana’s ability to maintain momentum.
Solana (SOL) has again captured attention with its recent price movements and significant whale activity. Yesterday, Solana hit a 17-day high of $162, marking an 8% surge over the past seven days. Currently, SOL is trading at $159, experiencing a modest 0.46% decline, while its trading volume has spiked by 24% in the last 24 hours.
Market analysts point to these whale movements and technical indicators as signs that Solana may be on the cusp of a notable price rally. Just hours ago, two wallets withdrew 91,424 SOL, worth $14.44 million, from Binance, later depositing the amount into Kamino. A whale purchased and staked 28,717 SOL in another significant transaction, valued at $4.56 million. Such substantial whale accumulations have been observed over the past few weeks, adding fuel to Solana’s bullish narrat
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