Solana

Date: Tue, Sept 10, 2024, 07:10 AM GMTThe cryptocurrency market is showing bullish sentiments as Bitcoin (BTC) pushes towards the $60K mark. With this momentum, many <a href="https://coinsprobe.com/fantom-ftm-surges-following-major-breakout-will-it-reach-1/" rel="noopener noreferrer nofollow">altcoins</a>, including Solana (SOL), have begun to rise. Over the past 24 hours, SOL has surged by 4.66%, reflecting strong market interest.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c4280b218e6940d8914b03ef6d1209b7.png" />A look at the charts reveals that SOL has successfully held onto a key support level since April. After pulling back from the $124 mark, SOL has shown impressive upward momentum, now trading at $134.07. Adding fuel to this rally, <a href="https://x.com/lookonchain/status/1833350075936084480" rel="noopener noreferrer nofollow">Lookonchain </a>reported that a whale purchased 34,807 SOL tokens (worth approximately $4.52 million) just 12 hours ago.<blockquote>— Lookonchain (&#64;lookonchain) <a href="https://twitter.com/lookonchain/status/1833350075936084480?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">September 10, 2024</a>A whale bought 34,807 <a href="https://twitter.com/search?q&#61;%24SOL&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($4.52M) again 12 hours ago!Since Feb 7, this whale has withdrawn 206,951 <a href="https://twitter.com/search?q&#61;%24SOL&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($29.3M) from <a href="https://twitter.com/hashtag/Binance?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/MEXC?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#MEXC</a> at an average price of $142 and staked 115,135 <a href="https://twitter.com/search?q&#61;%24SOL&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($15.3M).<a href="https://t.co/rnrXRXmNkB" rel="noopener noreferrer nofollow">https://t.co/rnrXRXmNkB</a> <a href="https://t.co/Ce6DqyVvvQ" rel="noopener noreferrer nofollow">pic.twitter.com/Ce6DqyVvvQ</a></blockquote>This isn&#39;t the first time this whale has made a significant move. Since February 7, they’ve withdrawn 206,951 SOL (around $29.3 million) from exchanges like Binance and MEXC at an average price of $142 and have staked 115,135 SOL (worth $15.3 million).What’s Next?The current bullish momentum and large-scale buying by whales suggest that Solana (SOL) could be gearing up for an even bigger rally. The Relative Strength Index (RSI) currently stands at 43.83, while the RSI-Based Moving Average (MA) is at 37.48, indicating that there might still be room for growth.Key resistance levels to watch for Solana are $138 and $160. However, it’s crucial to monitor Bitcoin’s performance, as any major moves in BTC could influence SOL’s trajectory.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.Related Articles: <a href="https://coinsprobe.com/top-memecoins-pepe-wif-and-bonk-surges-in-bullish-rally-key-levels-to-watch/" rel="noopener noreferrer nofollow">Top Memecoins PEPE, WIF, and BONK Surges in Bullish Rally: Key Levels to Watch</a>

Solana Holds Strong Above Key Support Level Since April: What’s Next?

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