Altcoins News
By Evie Vavasseur
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Solana Bounces Back After Holding Above $100. After briefly dipping below $100 due to broader market volatility and ongoing concerns around the…
2 / 15
FTX’s Unstaking fuels Caution. The recent unstaking of 186,000 SOL tokens by the FTX estate has stirred cautious speculation.
3 / 15
Whale Accumulation Offsets Bearish Concerns. Interestingly, despite the FTX development, on-chain data shows that whale wallets have been…
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Technical Outlook: Bullish Bias Still in Play. From a technical analysis perspective, SOL is currently trading within an ascending triangle…
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Is a Pullback Coming?. While there’s no immediate cause for alarm, traders should remain cautious in the short term.
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Final Thoughts. Solana has weathered yet another potential storm with resilience.
7 / 15
Solana (SOL) continues to show strength as it trades above the critical $120 level, even as the defunct crypto exchange FTX unstaked over 186,000 SOL—worth nearly $22 million—in…
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Despite concerns that this move might signal imminent selling pressure, the market has so far remained resilient.
9 / 15
After briefly dipping below $100 due to broader market volatility and ongoing concerns around the FTX liquidation process, Solana quickly recovered and reclaimed key levels.
10 / 15
This recovery comes as part of a broader market rebound, led by Bitcoin climbing back above $81,000, helping to lift sentiment across major altcoins.
11 / 15
A breakout above $125 could pave the way for further gains to $135, and potentially to $177 in the medium term if current trends continue.
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However, it's important to note that unstaking does not necessarily imply an immediate sale.
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Interestingly, despite the FTX development, on-chain data shows that whale wallets have been steadily accumulating SOL, further reinforcing the bullish case.
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With Solana’s DeFi and NFT sectors showing signs of recovery and increasing transaction volume, large investors appear to be positioning for a continued rally.
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From a technical analysis perspective, SOL is currently trading within an ascending triangle pattern, typically considered a bullish continuation setup.
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