đ $SOL Breaking Out of Its Bottom Zone
Solana just staged a quiet comeback â bouncing from the $70.6 low back above its 50-day moving average to $76.57 (+1.51% in 24h). This isn't random: on-chain data shows a whale executing a TWAP buy program, already accumulating 186K SOL (~$14M) toward a 500K SOL target.
đ Key levels:
âą Support: $72â73
âą Resistance: $79.7 (100-day EMA)
âą Bottom formed: $70.6â76 range
đ„ Fundamentals backing the move: Solana captured 19% of a record $759M in crypto card spending in July, and active governance proposals (SIMD-0550/0553) could sharply increase token burns â a bullish structural shift if passed.
Whale accumulation + real-world payment adoption + potential supply squeeze = SOL worth watching this week. đ
#Solana #SOL #Crypto #BinanceSquare
Solana just staged a quiet comeback â bouncing from the $70.6 low back above its 50-day moving average to $76.57 (+1.51% in 24h). This isn't random: on-chain data shows a whale executing a TWAP buy program, already accumulating 186K SOL (~$14M) toward a 500K SOL target.
đ Key levels:
âą Support: $72â73
âą Resistance: $79.7 (100-day EMA)
âą Bottom formed: $70.6â76 range
đ„ Fundamentals backing the move: Solana captured 19% of a record $759M in crypto card spending in July, and active governance proposals (SIMD-0550/0553) could sharply increase token burns â a bullish structural shift if passed.
Whale accumulation + real-world payment adoption + potential supply squeeze = SOL worth watching this week. đ
#Solana #SOL #Crypto #BinanceSquare