Bullbit
Cryptocurrency
Solana: Is $78.50 support in danger as SOL faces $53M whale pressure?
- What: Solana's $78.50 support is under threat due to $53M whale inflows.
- Why: Weak demand structure and whale pressure are contributing to the sell pressure.
- Signal: The clash between whale inflows and weak demand structure is a bearish signal for Solana.
- Target: The $78.50 support level is a key target for bulls, but it may be at risk of breaking.
- Risk: A potential breakdown of the $78.50 support could lead to a significant decline in Solana's price.