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Solana is a blockchain built for mass adoption. It's a high-performance network that is utilized for a range of use cases, including finance, payments, and gaming.
Whales Activity-
On Tuesday, a notable acquisition occurred where a whale purchased 34,807 SOL tokens valued at approximately $4.52 million.
A whale in the Solana (SOL) market has recently sold 20,000 SOL tokens for about $2.66 million, coinciding with a big purchase by another investor. Over the year, this whale has sold around 715,000 SOL tokens, worth about $102 million, but still holds a substantial 1.84 million SOL, which is valued at around $246 million.
Features-
Transactions per second- 65000
Block time- 0.40 seconds
Fees- 0.00064 SOL per transaction
Re-test level- $140
Any daily close above $165 confirms further bullishness.
SOLUSD pared some of its gains due to profit booking.The pair holds above the short-term (34 and 55 EMA) and long-term moving average (200- EMA) in the 4-hour chart. It hit a high of $159.50 and is currently trading around $152.43.
The bullish invalidation can happen if the pair closes below $110. On the lower side, the near-term support is $133. Any violation below target $127/$120/$110.
The pair's near-term resistance is around $165. Any breach above confirms minor bullishness. A surge past $165 will take the pair to $175/$200.
It is good to buy on dips around $140 with SL around $127 for TP of $200.
