Whale Deposits $14M SOL to Binance, Price Dip Ahead?

Whale Deposits $14M SOL to Binance, Price Dip Ahead?
Whale Deposits $14M SOL to Binance, Price Dip Ahead?

Main notes

  • The whale moved 100,000 Sol to Binance after 4 years, indicating possible profits.
  • Sol is currently trading about $ 140, which indicates steadfastness with a daily profit of 0.5 %.
  • Eyes analysts from 114 to $ 120 as a major accumulation area.

Solana

Teller
140.4 dollars



24 hours fluctuation:
0.9 %


The maximum market:
$ 72.51 b



Folder. 24h:
$ 4.48 b

She turned to trading about $ 140 after declining for a short period to 97 dollars earlier this month. However, the data on the series indicates that many investors reserve their profits amid this recovery.

On April 22, Lokonchain indicated that the whale whale, which ignored nearly one million dollars at a price of $ 27 before four years ago, has now canceled 100,000 symbols, at a value of $ 13.9 million, and reprimanded it on Binance. This transfer indicates a clear intention to achieve profits or potential hedging against negative fluctuations.


Despite the great withdrawal, the whale still holds more than 1.19 million Sol, with unrealized gains of $ 153 million.

Meanwhile, the number of wallets carrying Seoul has decreased from 11.11 million to 10.83 million since April 17, indicating that retail interest may be a thinning.

Prepare a strong reflection

The price of Solana has jumped nearly 40 % since it decreased shortly from the weekly EMA200. It is now traded in the local supply area between $ 130 and $ 145, an important area that works historically as resistance and support.

It is interesting to note that Sol seems to be a reverse head and a shoulder pattern (IH & S) on the daily chart since March, usually a strong preparation for reflection. The current level sits directly when resisting the neckline.

Cryptovipsipnal analysts suggest a potential decrease towards a $ 114 to $ 120 support area to unify it before attempting to penetrate. Investors may consider accumulating near this region.

Sol Price Outlook

daily Sol price schemeThe relative power index currently sits just less than 60 years with an ascending gradient. This indicates that the bullish momentum acquires traction without being transferred to the lands of seen.

Sol price scheme Source: Trading Offer

Bollinger domains widen, with the price near the upper range. The collapse of this monotheism may lead to a rapid move towards the resistance between 158 and 162 dollars. This level is in line with 1D EMA200 and has historically sparked repercussions.

Meanwhile, a fixed climbing in the MACD chart, along with a bullish cross, also alludes to a continuous upward momentum.

Sol price scheme Source: Trading Offer

However, any renewed weakness in the total encryption market can cause Sol to support 95 dollars. A break below can lead Sol to 0.786 Fibonacci at $ 70. The famous cryptocurrency analyst Sri Phoenix recently expected a Seoul to drop to $ 80 in the short term.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

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