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Solana Shows Bullish Potential Amid Rising Whale Activity and DeFi Growth
Solana ($SOL) is showing promising signs of a potential bullish breakout. Recent data indicates an increase in whale activity, with wallets holding over 10,000 $SOL rising by 1.53%. $SOL is trading near a key breakout level, forming a cup-and-handle pattern, which could lead to a price surge if the neckline resistance at $144.40 is breached. Despite a negative OI-Weighted Funding Rate, spot inflows remain strong, suggesting persistent accumulation. Solana's $DeFi activity is also on the rise, with Total Value Locked (TVL) increasing by 3.11% in 24 hours. These factors combined suggest a favorable structure for $SOL, although traders remain cautious. A confirmed breakout could propel $SOL towards $179.48, provided resistance is
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@Rs