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Solana price pumps 12% as whales inject 6 billion USD – is the bear market over?

Recently, Solana’s price increased by 12%, recovering from a low of 115 USD to 129 USD. Despite this, it is down 12% over the week and 37% over the month, showing strong trading activity with a 6 billion USD volume.

Significant whale purchases, including 1 million SOL worth approximately 147 million USD, indicate growing interest. Technical indicators suggest a potential breakout, with forecasts for Solana to reach 150 USD by the end of the month and possibly 250 USD later this year.

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