Ethereum

bullish

Solana

when

<ul> 
 <li>Solana (SOL) has shown resilience, maintaining support above $120 and surging above 5.16%.</li> 
 <li>Whale activity, including significant withdrawals and purchases, has impacted SOL’s price.</li> 
</ul> 
Solana has maintained a steady bullish trend over the past day, with the <a href="https://in.tradingview.com/chart/iWbxy7Pl/?symbol=COINBASE%3ASOLUSDT" target="_blank" rel="noreferrer noopener nofollow">moving average</a> at $130.82, below its current trading value of $133.84. The RSI is near neutral at 45.42, indicating a stable momentum. 
<a href="https://x.com/lookonchain/status/1833350075936084480" target="_blank" rel="noreferrer noopener nofollow">Recent whale activity</a> has notably influenced Solana’s price in the last 24 hours. A whale purchased over 34,800 SOL, valued at $4M, from Binance, around 16 hours ago. Since February, this whale has withdrawn 206,951 SOL worth $29.3M from major exchanges like Binance and MEXC. The whale bought Solana at an average price of $142 and has staked 115,135 SOL. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
 <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE"><img decoding="async" width="1024" height="264" src="https://thenewscrypto.com/wp-content/uploads/2024/09/SOLUSDT_2024-09-10_11-53-28-1024x264.png" alt="" class="wp-image-107637" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/SOLUSDT_2024-09-10_11-53-28-1024x264.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/09/SOLUSDT_2024-09-10_11-53-28-300x77.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/09/SOLUSDT_2024-09-10_11-53-28-768x198.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/09/SOLUSDT_2024-09-10_11-53-28.png 1515w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption"> SOL 24H Price Chart (Source : <a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Recently, Solana (SOL) <a href="https://thenewscrypto.com/solana-price-drops-to-121-but-sol-bulls-regain-momentum/" target="_blank" rel="noreferrer noopener">dropped to $121</a> but held around the $120-$125 support range. Despite recent market turbulence and a broader pullback, Solana showed strong network metrics with 397M weekly transactions and 12.78M active addresses.&nbsp; 
Solana’s token, SOL, experienced a significant 12% drop on September 4 due to a <a href="https://thenewscrypto.com/solana-meme-coins-slump-as-pump-fun-loses-momentum/" target="_blank" rel="noreferrer noopener">major sell-off by Pump.fun</a>, which sold $41.64 million worth of SOL. The last sale, on September 3, was for $1.38M at $134.46 per coin.&nbsp; 
<a href="https://thenewscrypto.com/solana-price-slips-to-125-mark-amid-broader-market-selloff/" target="_blank" rel="noreferrer noopener">SOL followed BTC’s</a> downward trend, moving from $141 to $124 before stabilizing at $134. Pump.fun’s impact on SOL’s price is uncertain, but the recent rebound suggests a temporary neutral condition amid bullish crypto sentiment. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
 <img decoding="async" width="1024" height="76" src="https://thenewscrypto.com/wp-content/uploads/2024/09/Capture-sol-1024x76.jpg" alt="" class="wp-image-107638" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/Capture-sol-1024x76.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2024/09/Capture-sol-300x22.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2024/09/Capture-sol-768x57.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2024/09/Capture-sol.jpg 1364w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 &nbsp;(Source: <a href="https://solscan.io/account/5AemYLGYaJnT5Pp1EVLYJT21aXBbTj2sWEeMoNhoqJ5n?page=7#transfers" target="_blank" rel="noreferrer noopener nofollow">Solscan</a>)
 </figcaption>
 </figure>
</div> 
<h3 class="wp-block-heading" id="h-sol-shows-resilience-amid-whale-activity">SOL Shows Resilience Amid Whale Activity</h3> 
Earlier, in July, as per Solscan, the same whale withdrew 17,485 SOL from Binance when the price was around $150, valuing at $2M. As per Lookonchain, it reveals the risks whales face during market fluctuations and their potential impact on token prices. Solana (SOL) has experienced a <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noreferrer noopener nofollow">notable price increase</a>, currently trading at $134.66 with a 5.16% surge in the past 24 hours. Trading volume has spiked by 56.72%, indicating rising investor interest.&nbsp; 
Trading volume reached $2 billion while the market cap surged over 4% reaching $62B. If the upward momentum continues, SOL could target $145 to $150 range. The indicators suggests a possible upward breakout if bulls maintain support. Highlighted Crypto News Today: <a href="https://thenewscrypto.com/metalpha-deposits-ethereum-to-binance-amid-eth-price-recovery-signals/" target="_blank" rel="noreferrer noopener">Metalpha Deposits Ethereum To Binance Amid ETH Price Recovery Signals</a>

Whale Activity Impacts Solana Price with A $4M Purchase

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