Solana (SOL) has experienced significant whale activity, with approximately $169 million in SOL withdrawn from exchanges. This movement may indicate a potential price recovery for the cryptocurrency. The outflows coincide with a technical rebound from the $180 support level and a recovering Stochastic RSI, suggesting cautious accumulation by investors. Analysts are watching for a possible breakout above the $237 resistance level, which could further signal a bullish trend for Solana.
Solana Whale Withdrawals Hint at Potential Price Recovery
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