Key notes
- A whale transferred 100K soil to Binance after 4 years, signaling a possible profits.
- Sol is currently negotiating around $ 140, showing resilience with a modest daily gain of 0.5%.
- Analysts look at $ 114 at $ 120 as a key accumulation area.
Solara
GROUND
$ 142.0
24h volatility:
3.0%
COURTIC CAPESSION:
$ 73.38 B
Flight. 24 hours:
$ 4.62 B
Rebounded to negotiate around $ 140 after briefly diving at $ 97 earlier this month. However, data on the chain suggest that several investors reserve their profits in the middle of this recovery.
On April 22, Lookonchain noted that a Whale soil, which had marked almost a million soils at $ 27 four years ago, now experienced 100,000 tokens, worth $ 13.9 million and deposited them in Binance. This transfer indicates a clear intention to make profits or potentially coverage against the volatility of the decreases.
After 4 years of intention, this whale led 100k $ Soil($ 13.9 million) 2 hours ago and the deposit #Binance.
At the time, he marked 991,079 $ Soil About $ 27.
It has another 1.19 m $ Soil($ 166.37 million) Milestone, with total profits from more than $ 153 million. pic.twitter.com/qj4tehueuo
– Lookonchain (@lookonchain) April 22, 2025
Despite the significant withdrawal, the whale still has more than 1.19 million soils, with unrealized gains estimated of $ 153 million.
Meanwhile, the number of portfolios holding ground has increased from 11.11 million to 10.83 million since April 17, which suggests that the interests of retail could be thin.
A strong reversal configuration
The Solana price has jumped almost 40% since it briefly plunged below the weekly EMA200. It is now negotiated in the local supply area between $ 130 and $ 145, an important region which has historically acted both as resistance and support.
It is interesting to note that Solana seems to form a reversed head and shoulder pattern (IH & S) on the daily graphic since March, generally a strong inversion configuration. The current level is just seated in the resistance to the neckline.
Cryptovipsignal analysts on X suggest a potential withdrawal to the support area from $ 114 to $ 120 for consolidation before a break in rupture. Investors could consider an accumulation near this area.
$ Soil Analysis:
THE #price Form a reversal head and shoulder motif (IH & S) on the daily time. There is a high probability that we will see a passage to the support zone for further #accumulation. Currently, the price is in the resistance zone. Remember to add … pic.twitter.com/n4boe0czxx
– Crypto VIP Signal ™ (@cryptovipsignal) April 22, 2025
Sol Price Perspectives
On the daily ground price table, the RSI is currently just under 60 years old with a gradient upwards. This suggests that the bullish momentum is gaining ground without falling into the exaggerated territory yet.
Sol graph price | Source: Commercial view
The Bollinger bands widen, with the price near the upper strip. An escape from this consolidation zone can lead to rapid movement towards resistance from $ 158 to $ 162. This level aligns with the 1D EMA200 and has historically triggered inversions.
Meanwhile, a regular climb in the MacD histogram, as well as a bullish crossover also suggests the high -sustained momentum.
Sol graph price | Source: Commercial view
However, any renewed weakness in the global cryptography market could make the support of $ 95 re -examine. A rupture below which could lead to 0.786 fibonacci at the $ 70. Popular Crypto Sri Phoenix analyst recently predicted a soil drop at $ 80 in the short term.
$ Soil Go to $ 80.
Bookmark this. pic.twitter.com/wsirhrncso
– Sri (@sri_phoenix) April 21, 2025
following
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
