Solana News: SOL Eyes $450 Surge Despite Recent Drop, Whale Activity Signals Long-Term Confidence

Solana (SOL) has experienced a volatile week, but a recent surge in trading volume and whale activity suggest that the cryptocurrency could be poised for a significant rally. Here’s what you need to know.

Will Solana Break Resistance and Surge Beyond $450?

Solana (SOL) has dropped 12% in the past week due to Bitcoin’s volatility triggering widespread sell-offs. Despite a 4.63% price dip, SOL’s 24-hour trading volume surged 104% to $13.34 billion. A whale moved a significant amount of SOL to Binance but still holds a large portion in staking, signaling long-term confidence. If SOL breaks past $233.80, it could potentially rally toward $450, driven by bullish technical patterns. At the time of writing, Solana is trading at $118.59 with a market cap of $60 billion.

Whale Deposits $37M SOL to Binance, Solana Loses Crucial Support

Solana (SOL) has plunged 7.5% in the past 24 hours to trade at around $116. The cryptocurrency has lost its key $124 support level, a price it has tested six times over the past year. The sudden drop follows a whale depositing 312,000 SOL tokens, worth over $37 million, to Binance in four separate transactions, hinting at a possible sell-off.

Solana Price Prediction: Potential 30% Rally After Correction

Liquidity and adoption are strengthening Solana’s position in both decentralized and traditional finance. Analysts are closely monitoring the Solana price as SOL trades near a crucial support level, historically resulting in moves of over 30%. Solana’s DeFi ecosystem is thriving despite recent price fluctuations, with multiple protocols surpassing $1 billion in Total Value Locked (TVL), led by Jito with $2.04 billion TVL, indicating rapid adoption of liquid staking on Solana.

Solaxy Price Prediction: Can It Compete With Dawgz AI?

New currencies and platforms emerge daily with technological advancements. Solaxy, a cryptocurrency developed on the Solana Blockchain, has gained popularity due to its decentralized financial solutions and capitalization on NFTs and DeFi. However, it faces competition from Dawgz AI, a unique Ethereum-based AI-powered meme coin capturing investors’ interest. This article explores Solaxy’s price prediction and its comparison against next-generation tokens like Dawgz AI.