Solana Crash Price Prediction, $19.5 Million SOL Tokens Sold

Bittime - Solana (SOL) price prediction suggests a potential upside of up to 40% to $180 from the $127 support level. Recently, $19.5 million of SOL tokens were sold on Binance, possibly related to the expected Solana ETF in the US. Find complete analysis and latest Solana price predictions here.

Solana Price Prediction

Currently, SOL (SOL) is at the important support level of $127. Moreover, on the daily time frame, the pair is trading below the 200 Exponential Moving Average (EMA), indicating a downward trend.

Based on price momentum, SOL is likely to experience massive increases whenever the price reaches the $127 support level. At this moment, the price may jump 40% to the $180 level.

$19,5 Million SOL Tokens Sold

SOL deposited $19.5 million into Binance two days earlier. Data shows that wallet address “FkVrB” bought this significant amount of SOL when it traded at the $180 level in July 2024. This could anticipate the Solana Exchange Traded Fund (ETF) spot in the United States.

Read Also: Simon's Cat Price Prediction

Solana Price Analysis Last 24 Hours

In the last 24 hours, SOL has seen its price increase by more than 1%, while open interest has fallen by 2% in the same period. This shows that traders' interest has decreased amid the market downturn.

Conclusion

Solana (SOL) could rise as much as 40% to $180 if the price rises, although it is currently at the $127 support level. Although the price of SOL tokens rose more than 1% in the last 24 hours, open interest fell 2%, indicating a decline in trader interest. There was recently a $19.5 million sale of SOL tokens on Binance.

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Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.