The Currency analytics
By Maheen Hernandez
Solana’s price has tumbled by nearly 40% this month, and it’s down over 54% since January. Despite this, some large investors, known as whales, are placing significant bets on…
This divergence is noteworthy. The market trend remains downward, yet certain indicators suggest potential for a turnaround. What exactly are these large investors observing?
Solana’s current situation presents a mixed picture. The cryptocurrency’s price continues to make lower lows, but the Relative Strength Index (RSI), a momentum indicator, is…
Firstly, Solana’s daily price must close above $77, indicating that sellers are losing their grip. Secondly, the RSI must remain above 30.
A sign of this optimism is visible in the actions of a whale, "0x4A2", who invested $2 million in USDC and leveraged a 20× long position on Solana.
Long-term holders also show signs of confidence. Data indicates a significant increase in Solana accumulations, with net buying rising sharply.
Additionally, the Chaikin Money Flow (CMF) indicator, which tracks capital flows, is rising, hinting at increased investment in Solana.
The risk, however, lies with short-term holders, who have increased their share and might sell quickly if volatility continues. Currently, Solana hovers at a critical level.
In conclusion, while the broader market remains doubtful, certain whales and long-term holders are positioning for Solana's potential recovery.
One significant factor contributing to the cautious optimism among some investors is the recent activity observed in Solana's network development.
Moreover, February 2026 has seen heightened trading volumes on Solana-based decentralized exchanges (DEXs).
Another interesting development is the strategic backing from Alameda Research, a prominent crypto trading firm.
Finally, the upcoming Solana conference scheduled for March 2026 is generating buzz within the community.
Adding to the complexity of the situation, Solana's network has been experiencing intermittent outages, which have raised concerns among some investors.
Meanwhile, the Solana-based NFT market is showing signs of resilience despite the broader price decline.