Key Insights :
- Whale’s $6.8M profit-taking adds pressure on Solana’s price.
- $SOL faces critical resistance at $164.50, limiting upside potential.
- Analysts eye $143 as key support, with bulls waiting for a breakout.
After staking the tokens for a month, a whale sold 44,539 SOL for $6.8 Million. This trade resulted in a profit of approximately $649K. This move has sparked worries about Solana price trends.
$SOL has faced resistance and is undergoing corrective movements in the market. Analysts are monitoring the price action as it nears key support levels. The $143 mark has become a crucial point for price stability.
Whale’s Profit-Taking Could Signal Downside Pressure for Solana Price
The recent sell-off by the whale is seen as a profit-taking move following a significant period of accumulation and staking. A month ago, the whale purchased 44,116 SOL at around $139.4, amounting to a $6.15M…
