Key Takeaways
Solana’s whales are stacking, and the charts tease $263–$300. Yet an overheated Futures market and lopsided longs hint that fireworks – up or down – may come before any clean breakout.
A whale injected $11.68 million USDC into HyperLiquid, accumulating 28,390 Solana [SOL] through a TWAP order that was still active at capture time.
Source: Onchain Lens
This aggressive activity fueled speculation about Solana’s potential breakout from its consolidation zone.
Such large-scale buying not only tightens available supply but also signals high conviction among big players.
Can Solana’s triangle unlock a path toward $300?
On the daily chart, Solana formed an ascending triangle, a pattern often associated with bullish continuation.
The price faced a stiff ceiling between $222 and $230, and a breakout above this range could open the path toward $263 and possibly $300, in line with Fibonacci extensions.
Meanwhile, downside protection sat at $188 and $183, providing solid buffers if rejection occurs.
Furthermore, RSI hovered near 57, at press time, showing balanced momentum. SOL looked neither overbought nor exhausted, leaving room for buyers to press control.
Go to Source to See Full Article
Author: Erastus Chami
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
