Derived from Coinotag, Solana exhibits potential rebound signals as 439,938 SOL moves from Coinbase to an unknown wallet, indicating whale accumulation amid tightening supply. Negative netflows of $39.65M reduce selling pressure, while technical patterns like falling wedges and double bottoms suggest buyers are defending key support levels around $123–$130. Whale activity and on-chain metrics, including a long/short ratio of 80.21% longs, reinforce bullish sentiment. Rising 90-day taker buy cumulative volume delta (CVD) and upward MACD trends further support the possibility of a price recovery.
Solana Shows Rebound Signals as Whales Accumulate and Supply Tightens
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