Solana- a whale is discharged by $ 17 million after registering $ 57 million at an altitude of $ 57 million with a collapse to $ 120 appears imminent star-news.press/wp

Solana Price is trading at $ 163 today, August 2, with a decrease of 2.86 % in 24 hours. Whales are now selling, nourishing more declines. With the Longs The Brunt, the fall to $ 120 is a real possibility, especially now after the declining structure has appeared.

Solana Price faces a decrease to $ 120 at the top of the rolling closer

Solana has decreased during the past seven days. This accident raised its decrease for seven days to 12 %. The bears were closing their symbols without a great impulsion. For this reason, the decrease was gradually and creating a top top.

When there is a sudden rise in the sale, one expects Solana Price to recover quickly. This is because there will be unrealized liquidity that traders will start searching. But now, there is no opportunity for this occurrence. The fall did not leave any gap that the bulls might use.

From the peak of $ 206 to support at $ 159 is a decrease of 22 %. This decrease will be repeated again when the Sol price decreases less than $ 159. It is only 2.45 % decrease from today’s price. Given that the weekend fluctuations are often unfamiliar to the bulls, this support may occur in the end of this week.

In this case, the Solana price can reach $ 120. Most likely, August may not end without touching this price. This is likely to be the case if the bears tighten their grip on the market as they do now.

However, this Solana price expectations do not lack nullification. AO tapes turn green even if they remain negative. Often, this indicates that the sellers are tired. However, this will only be confirmed if these bars move higher than scratch.

Whale dumps 17 million dollars in a long record

As the encryption market has decreased, the Longs and Whales were treated. LONGS is already a multiplication after they were forced to finish more than $ 57 million in positions. Coinglass data It indicates that this was the highest record since early February.

As far as they are Saudis, exposure to pressure is bad for the price. This means that there is forced sale, in turn, prefers bears or those that have short sites.

The benefit of this long pressure will go to the pants that double the low price of Solana. This is after the negative financing rate has turned. These short pants are ready to pay more only so that they can keep their locations open.

Finally, the whales add to the pressure pressure. Lookonchain notes One whale activity is 108,016 so, at $ 17.7 million, to two stock exchanges: OKX and Binance. When the whales feel panic, it is a bad sign on the Sol price.

In short, the Solana price may decrease by 12 % in one week, but it is still not outside the forest. There is no sign of a correction because the decline was gradual. Therefore, getting $ 120, especially with the sale of whales and long filtering, is possible.

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Welcome

Muthoni Mary is an analyst and writer in the experienced encryption market that has more than three years of experience deciphering Blockchain trends, price movements, and market dynamics. She holds a Bachelor’s degree in (Financial) Trade from Kenyatta University, and mixes the strong academic basis with the sharp eye of technical analysis and a deep understanding of the data on the series. Its work provides clear data -based visions that enable investors to move in the area of advanced digital assets with confidence. When the market does not analyze, Mary has reading and traveling.

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