Solana's price has been consolidating between $130 and $140, attracting interest from traders and analysts. Technical indicators show a bullish divergence in the Relative Strength Index (RSI), with higher lows despite lower prices, indicating weakening bearish pressure. On-chain data highlights active accumulation by whales and institutional inflows into Solana ETFs, totaling $382 million over 14 consecutive days.
A breakout above $142.65 could set Solana on a path towards $200, while failure to maintain above $140 may lead to a retest of the $123-$135 range. The current market dynamics suggest a potential cyclical bottom, as traders closely monitor these key levels.
Solana's $130-$140 Range Eyed as Potential Bottom Amid Whale Accumulation
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