Solana

<ul><li>Whales manipulate SOL prices, causing panic selling among new investors and buying back at lower prices.</li><li>Solana&#39;s trading volume surged by 245%, indicating increased participation from traders amid the price volatility.</li><li>Whale-driven market moves have led to significant fluctuations, highlighting the impact of major investors on SOL&#39;s price dynamics.</li></ul>Solana (SOL) recently experienced a sharp rebound following a severe price drop. Ali Martinez, a prominent crypto enthusiast, noted that the Solana rebound was wild. He previously mentioned that Solana seemed to form a &#34;W&#34; pattern on lower time frames, predicting a potential rise to $142 if it sustained above $125. The prediction proved accurate as SOL surged to around $142.02, marking a 15.37% increase within the last 24 hours.According to experts, whales pushed <a href="https://cryptotale.org/solanas-sharp-decline-vs-ethereums-smooth-slide-analysis/" rel="noopener noreferrer nofollow">SOL&#39;s price</a> down to manipulate the market. This caused panic among novice investors, forcing many to sell their holdings at lower prices. As a result, whales repurchased SOL at bargain prices. SOL dropped over 20%, falling below the critical support level of $121, but then it rebounded sharply.During the downturn, Solana&#39;s trading volume surged by over 245%, indicating heightened activity among traders. Despite the drop, analysts noted a potential for a rebound if SOL closed above certain levels. If SOL closed a daily candle below $122, it could drop to $77. However, closing above $122 might lead to a reversal toward $155.<a href="https://cryptotale.org/solanas-dramatic-rebound-whats-driving-the-market/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana's Dramatic Rebound: What's Driving the Market?

CryptoTale

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