Will Solana Reclaim $180, Price Retraces Below $176 Support Level

A Solana whale withdrew 174,767 SOL (worth about $30.37 million) from Binance and staked it. Solana's price briefly reached $178, up 3%, but later fell to $173.68, a 24-hour drop of 2.34%. Despite this, Solana's price has generally been rising, previously climbing from $175.21 to $179.10. Its market cap is over $84.86 billion, and its 24-hour trading volume reached $4.03 billion, a 9.48% increase. This strong market activity is reflected in its 4.78% 24-hour volume-to-market cap ratio. Solana's price has been fluctuating, rising alongside increased whale activity. After reaching $180.15, the price dropped to $178.83 and then further to $173.63, indicating high volatility. The Average Directional Index (ADX) is at 41.52, suggesting a strong but weakening trend, with the bearish momentum previously near 90%. $180 is a key resistance level, while $176 is considered a strong support level.