Solana: Can a 17K SOL whale action help it break the $153 resistance?
The post Solana: Can a 17K SOL whale action help it break the $153 resistance? appeared on BitcoinEthereumNews.com. Whale activity and strong retail sentiment indicated Solana’s potential for price movement. Solana’s development progress and social engagement supported a bullish outlook toward resistance at $153.65. Solana [SOL]’s recent whale activity has drawn attention, with a large transfer of over 17,481 SOL to Kraken after two years of staking. At press time, SOL was trading at $148.52, reflecting a 1.74% decline over the past 24 hours. This price dip comes amid increasing speculation and social interest, driven in part by whale moves. The market’s reaction to this activity could provide insights into Solana’s next major price movement, which is being closely monitored by both retail and institutional investors. Sentiment surge: Are retail and smart money aligned? Solana’s sentiment has fluctuated recently, with a weighted sentiment reading of -0.47 on the 26th of April 2025. Despite this, crowd sentiment remained strong at 1.81, indicating ongoing optimism among retail investors. Meanwhile, smart money sentiment stood at 0.88, showing more caution among institutional players. This difference in sentiment highlights the contrasting views of retail and institutional investors. Retail investors are optimistic about Solana’s future, while institutional players are more cautious due to the recent price dip. The mix of these sentiments may lead to short-term volatility, but the long-term outlook remains bullish. Source: Santiment Strong foundations: SOL’s development activity remains solid Solana’s development activity remained robust, with a reading of 25.81 as of the 27th of April 2025. This steady level of development activity suggests that Solana’s network is in a strong position for long-term growth. Despite fluctuations in price, solid development progress is a fundamental driver of network adoption, making the blockchain more scalable and efficient. Strong development activity helps boost investor confidence and signals that the team is actively working on improvements. Source: Santiment Social buzz: Solana dominates the crypto conversation…
The post Solana: Can a 17K SOL whale action help it break the $153 resistance? appeared on BitcoinEthereumNews.com.
Whale activity and strong retail sentiment indicated Solana’s potential for price movement. Solana’s development progress and social engagement supported a bullish outlook toward resistance at $153.65. Solana [SOL]’s recent whale activity has drawn attention, with a large transfer of over 17,481 SOL to Kraken after two years of staking. At press time, SOL was trading at $148.52, reflecting a 1.74% decline over the past 24 hours. This price dip comes amid increasing speculation and social interest, driven in part by whale moves. The market’s reaction to this activity could provide insights into Solana’s next major price movement, which is being closely monitored by both retail and institutional investors. Sentiment surge: Are retail and smart money aligned? Solana’s sentiment has fluctuated recently, with a weighted sentiment reading of -0.47 on the 26th of April 2025. Despite this, crowd sentiment remained strong at 1.81, indicating ongoing optimism among retail investors. Meanwhile, smart money sentiment stood at 0.88, showing more caution among institutional players. This difference in sentiment highlights the contrasting views of retail and institutional investors. Retail investors are optimistic about Solana’s future, while institutional players are more cautious due to the recent price dip. The mix of these sentiments may lead to short-term volatility, but the long-term outlook remains bullish. Source: Santiment Strong foundations: SOL’s development activity remains solid Solana’s development activity remained robust, with a reading of 25.81 as of the 27th of April 2025. This steady level of development activity suggests that Solana’s network is in a strong position for long-term growth. Despite fluctuations in price, solid development progress is a fundamental driver of network adoption, making the blockchain more scalable and efficient. Strong development activity helps boost investor confidence and signals that the team is actively working on improvements. Source: Santiment Social buzz: Solana dominates the crypto conversation…
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