Solana (SOL) price is showing signs of a rebound, aiming to recover the $200 level, supported by renewed investor interest and potential technical indicators like a golden cross.
A recent decline in SOL whale activity, followed by a slow recovery, suggests mixed sentiment among large holders. Continued accumulation by whales could bolster Solana's price.
The Directional Movement Index shows shifting buying and selling pressures, hinting at a possible trend reversal. However, if SOL fails to gain momentum, it risks further decline to support levels around $187 and $175.8.
Overall, Solana's price is at a critical juncture, with possibilities for a new uptrend or another sell-off.