{"id":3104,"date":"2025-04-10T11:55:00","date_gmt":"2025-04-10T10:55:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3104"},"modified":"2025-04-10T11:46:27","modified_gmt":"2025-04-10T10:46:27","slug":"solana-whales-move-71000-sol-binance-100-support-hold","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/solana-whales-move-71000-sol-binance-100-support-hold\/","title":{"rendered":"Solana Whales move 71,000 SOL to Binance : can the $100 support Hold ?"},"content":{"rendered":"\n

71,000 Solana moved to Binance : a Sell Signal ?<\/strong><\/h2>\n\n\n\n

A significant Solana whale<\/strong> sparked new speculation after moving 71,448 SOL<\/strong>, around $8.54 million<\/strong>, to Binance<\/a>. This transaction comes amid concerns about increased selling pressure from major Solana network<\/strong> holders.<\/p>\n\n\n

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\"solana<\/figure>\n<\/div>\n\n\n

At the time of writing, SOL<\/a> was trading at $115<\/strong>, marking a 1.08% decrease over the past 24 hours. Additionally, over 149,000 SOL<\/strong> was sold by other major holders in the last 24 hours, ranging between $102 and $108<\/strong>.<\/p>\n\n\n\n

While this significant withdrawal raises questions about the short-term direction of SOL<\/strong>, the same whale still holds 568,000 SOL<\/strong>, around $68 million<\/strong>, in staking contracts.<\/p>\n\n\n\n

A Rebound Opportunity for Solana ?<\/strong><\/h2>\n\n\n\n

SOL recently bounced off a critical support level<\/strong> near $103<\/strong>, which has acted as a demand zone during previous corrections. This rebound helped temporarily stabilize the price, drawing attention to key resistance levels at $120.43 and $143.84.<\/p>\n\n\n\n

If SOL manages to surpass these levels, it could inject a new short-term bullish momentum<\/strong>. However, if SOL fails to sustain above $103<\/strong> in the coming days, the selling pressure<\/strong> could intensify, pushing the price back into double-digit territory.<\/p>\n\n\n

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\"solana<\/figure>\n<\/div>\n\n\n

Technical indicators, like the RSI <\/strong>nearing oversold levels and the MACD <\/strong>approaching a bullish crossover, suggest a short-term rebound potential<\/strong>. However, caution is advised given the weak sentiment and drop in social activity around SOL<\/strong>.<\/p>\n\n\n\n

Strategic Reallocation or Beginning of Panic ?<\/strong><\/h2>\n\n\n\n

The technical setup hints at a short-term rebound for SOL<\/strong>. Yet, caution is warranted in the face of whale activity<\/strong>, bearish sentiment, and reduced social engagement. Current movements seem more of a strategic reshuffling<\/strong> than a complete exit. Traders<\/a>, however, need to remain vigilant due to potential volatility<\/strong>.<\/p>\n\n\n\n

Confirmation of breaking the resistance levels<\/strong> would strengthen the bullish scenario, but until then, risks are high. Investors should closely monitor the SOL’s evolution<\/a><\/strong> in the coming days to determine if this whale activity signals a correction or simply a position reallocation. If you are considering investing in SOL now, you can do so through Bitget<\/strong>.<\/p>\n\n\n\n

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Buy SOL Easily on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n