$SOL has shown mixed market movements in recent weeks, characterized by short-term volatility and significant whale activity. The recent upward trend was partly fueled by a large whale purchase of $23 million worth of SOL, which suggests growing market confidence in the asset.
SOL's RSI indicates the possibility of price stabilization. The RSI has been approaching the neutral zone, implying that the bearish momentum could be weakening. Support levels around $122-$130 remain crucial for determining the next move. A hold at these levels would be bullish.
In the short term,Solana remains vulnerable to external market pressures, but its solid fundamentals and developer activity keep it in a positive light within the crypto space.
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