Attention to that barrier of 90 dollars, because the Solana whales just dropped an anchor of 17 million dollars that could change the course of the game! ๐๐
Look at how the play is going: while many doubt, a new wallet appeared, one of those we call "whales", and took 200,000 SOL (yes, over 17 million greens) straight from the exchanges. But the most interesting part is not that it bought, but that it put them in staking right away. That is a brutal sign of confidence; it is telling us that it is in no hurry to sell and that it bets the price will go up in the long term. ๐๐ฐ
Now, let's be clear about the price. Solana is fighting like a warrior in the range of 89 - 91 dollars. Although the crypto market as a whole is recovering and we are already nearing 2.4 trillion dollars in capitalization, SOL has an intense internal struggle. On one hand, the whales are creating a "floor" or defense wall at 84 and 86 dollars, buying every time the price drops below that. On the other hand, there are many sellers taking advantage of any little increase to make quick profits. ๐ฅ
The reality is that the buying and selling volume is almost tied (175 million vs 174 million), which means we are on a tightrope. For us to see our beloved Solana fly towards 100 dollars, we need buyers to take full control and strongly surpass the moving averages (EMA20 and EMA50). The RSI has already crossed the 50-point threshold, indicating that the buying hunger is waking up little by little. ๐ฆ
If the whales continue to accumulate and block their coins, the supply decreases and the pressure increases. We are at a critical moment where every move counts to define whether we consolidate the return to three figures or if we test the lower supports again. ๐ข
Will this massive staking movement be the necessary fuel for Solana to finally break the resistance and leave the 90 dollars behind definitively?$SOL
