Despite recent price fluctuations, Solana has maintained above the support level of 175 USD. A large transfer of 122,620 SOL tokens worth 21.7 million USD was noticed, signaling potential selling pressure from whales in reaction to market volatility.
Technical analysis indicates that if Solana sustains above 175 USD, it could see an increase up to 220 USD, reflecting a potential growth of 22%. Furthermore, a robust trading volume increase of 240% in the last 24 hours hints at growing investor interest.