Solana (SOL) is expected to surge after a significant $24 million worth of the cryptocurrency moved off exchanges. This action follows a steep 25% drop in SOL's price recently, suggesting a strong upside rally is imminent. The bullish sentiment has been identified by Coinglass, an on-chain analytics firm, which has noted a positive price action pattern on the four-hour chart.
Investors and traders are keenly observing the movements, optimistic about the potential for a significant increase in SOL's value. The move seems to be attracting notable interest in the asset.