Major

Rally

Solana

Litecoin

<p>According to the information from Lookonchain, recent activities reveal that whales are significantly accumulating $SOL. Over the past six days, a prominent whale identified as AA21…VxH9 withdrew 153,511 $SOL, valued at approximately $26.4 million, from Binance and subsequently staked it.</p>
<p>Another whale, EHax…gAUa, has also made moves, withdrawing 35,498 $SOL (around $6.12 million) from both Binance and Kraken in just three days, followed by staking.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Whales are accumulating <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>!<br><br>AA21…VxH9 withdrew 153,511 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($26.4M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 6 days and staked it.<br><br>EHax…gAUa withdrew 35,498 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($6.12M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kraken</a> in the past 3 days and staked it.<br><br>EGzi…mR7g withdrew 13,000.8 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>($2.3M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a>… <a href="https://t.co/pfd24qTuSy" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pfd24qTuSy</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1850546133950664761?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 27, 2024</a>
</blockquote>
<p>Additionally, EGzi…mR7g withdrew 13,000.8 $SOL (about $2.3 million) from Binance just an hour ago, currently holding a total of 95,651 $SOL worth approximately $16.83 million.</p>
<h2 class="wp-block-heading" id="solana-price-nears-major-breakout">Solana Price Nears Major Breakout</h2>
<p><a href="https://www.coingecko.com/en/coins/solana" target="_blank" rel="noopener noreferrer nofollow">The price of Solana</a> has been trading below a descending trendline since March, repeatedly testing this line as resistance while finding support around the $120 mark. As the price approaches the trendline resistance once more, a breakout at this level could potentially initiate a significant rally toward the all-time high.</p>
<p><strong><em>Read More: <a href="https://captainaltcoin.com/analyst-explains-why-litecoin-could-rally-past-420-this-cycle-ltc-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Analyst Explains Why Litecoin Could Rally Past $420 This Cycle: LTC Price Analysis</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-1024x480.png" alt="" class="wp-image-573304" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1048.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>This scenario likely explains the increased accumulation of SOL by whales, who seem eager to capitalize on the potential upward movement.</p>
<p>Moreover, the <a href="https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/relative-strength-index-rsi/" target="_blank" rel="noopener noreferrer nofollow">Relative Strength Index (RSI)</a> currently stands at 64, indicating that there is still some room for the price to rise before reaching overbought territory. The RSI-based moving average is positioned at 63, which could serve as a support level in the event of any price retracements.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-whales-begin-accumulating-sol-as-price-nears-breakout-to-all-time-high/" rel="noopener noreferrer nofollow">Solana Whales Begin Accumulating SOL as Price Nears Breakout to All-Time High</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Whales Begin Accumulating SOL as Price Nears Breakout to All-Time High

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