A crypto whale moved $20.8M in SOL from Binance, sparking speculation. Traders are betting on $162.8 as strong support.
A crypto whale just made a major move, pulling 123,500 SOL (worth $20.8M) out of Binance, according to Lookonchain. Big transfers like this usually hint at accumulation, but so far, Solana’s price hasn’t popped—it’s still chilling around $172.
Solana recently dipped below its $180 support and is now under the 200 EMA, signaling a bearish trend. Right now, SOL is hovering between $160 and $180, and unless it breaks past $190, it might stay stuck. If it drops below $160, we could see another 20% crash to $120.
But not all are bearish. Data from Coinglass shows that traders have stacked $145M worth of long positions above $162.8, indicating that they are confident this level will resist. In the event that enough buyers come in, SOL could bounce back.
It’s a waiting game for now—will the whale’s shift trigger a rally, or do we have more dips ahead? Solana traders are crossing their fingers.
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