Based on AMBCrypto, Solana (SOL) recently saw a $56 million whale transfer of 439,938 SOL from Coinbase Institutional to an unknown wallet, sparking discussions about accumulation rather than short-term distribution. Market indicators, including a falling wedge pattern, double-bottom formation, and improving MACD momentum, suggest a potential reversal. Negative netflows and tightening supply pressure further support a possible rebound near the $123–$130 support zone. The Long/Short Ratio shows 80.21% long positions, indicating a bullish bias. Traders are monitoring for a breakout above resistance to confirm the reversal.
Solana Whale Transfer and Market Indicators Suggest Potential Rebound
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