Institutional Interest and Whale Activity Impact Solana's Price Prediction
Overview
Whales effecting SOL's short-term sentiment.
Key Points:
- Crucial $150 Support: Important for new all-time high.
- Market Trajectory: SOL stands out in recent rally.
- Network Issues: Resolved congestion concerns.
Whales dominate SOL transactions with two substantial transfers worth over $3 billion causing speculation about future price trends.
SOL Price Predictions
Tools forecast a bullish trajectory with a 14% increase by May 27. Short-term consolidation expected around $143.74 by May 1.
Institutional Interest
Survey shows strong institutional preference for SOL amidst growing confidence despite network issues.
Impact Analysis
Despite institutional backing and positive price projections, the impact of whale transactions on SOL's price trajectory remains a point of concern.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.