A look at it from a chip perspective: Whales have sold 1.02 million SOL over the past 5 days, worth about $104 million.
When the news comes out, two things usually happen in the market at the same time:
· Early movers start taking profits
· Latecomers start entering the market
Which group has more strength determines where the price goes. $SOL 24h Trading volume is $212 million; watch for any sudden increase in turnover.
#SOL
For reference only, not investment advice.
When the news comes out, two things usually happen in the market at the same time:
· Early movers start taking profits
· Latecomers start entering the market
Which group has more strength determines where the price goes. $SOL 24h Trading volume is $212 million; watch for any sudden increase in turnover.
#SOL
For reference only, not investment advice.
