A prominent Solana whale, identified by the wallet address HHqC…y8Aqu, is drawing attention after a suspected partial sell-off of 25,000 $SOL tokens.
These tokens were acquired at $169.60 two months ago, and the sale would have netted a profit of $313,000.
Currently, the whale still holds 50% of their original position, amounting to 25,000 $SOL, with an unrealized profit of $310,000. However, this is a significant drop from the previous peak, when the total 50,000 $SOL held a floating profit of $4.738 million, with $SOL trading as high as $264. Since then, the price has struggled to maintain upward momentum, reflecting broader market conditions.
地址 HHqC…y8Aqu 疑似卖出两个月前以 $169.6 建仓的 25000 枚 $SOL ，若卖出将获利 31.3 万美金🐋
该巨鲸目前仍持有 50% 的 SOL 仓位（即 25000 枚），浮盈 31 万美金；这 5 万枚 SOL 最多时浮盈了 473.8 万美金（当时 SOL $264），可惜冲高后币价一直萎靡不振
钱包地址 https://t.co/mfXByXhPIX https://t.co/AFSOKamEeZ pic.twitter.com/zOAQCEhGaL
— Ai 姨 (@ai_9684xtpa) December 22, 2024
Technically, Solana is now testing a critical support zone between $188 and $179. This range previously acted as strong resistance from March to November, and its importance as support will be key to determining the next price direction. The Relative Strength Index (RSI) currently sits at 31.72, a level that has historically provided solid support. Additionally, the Stochastic RSI indicates oversold conditions, suggesting that a reversal may be imminent.
#Solana $SOL is testing a key support zone between $188 and $179, which previously served as resistance from March to November.RSI is at 31.72, a level that has held as support before, while the Stoch RSI is oversold.
I could be wrong, but all of this points to a rebound! pic.twitter.com/7Q3qmFVRbU
— Ali (@ali_charts) December 21, 2024
Adding to the bullish case, the TD Sequential indicator on the daily chart has presented a buy signal for Solana. This technical pattern suggests the potential for a price rebound, which could draw more traders and investors back to the market.
The TD Sequential presents a buy signal on the #Solana $SOL daily chart, anticipating a price rebound! pic.twitter.com/FMhtsQxTt5
— Ali (@ali_charts) December 23, 2024
As $SOL attempts to stabilize, all eyes are on its ability to hold the support zone and capitalize on these technical signals. A successful rebound could mark the beginning of a new upward trend, especially as whales continue to maneuver within the market. Investors should remain cautious but optimistic as key levels are tested in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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