Solana (SOL) price has recently followed a horizontal market trend with some modest gains and slight fluctuations. Over the past few days, the cryptocurrency has exhibited signs of a market rebound, suggesting a potential upturn in investor sentiment.
Recent whale activity has involved the transfer of 8 million SOL tokens, raising questions about whether Solana is poised for a breakout. The involvement of these whales could significantly influence the market, hinting at the potential for a price surge.
However, despite these developments, Solana continues to struggle below the $150 mark. Investors are closely watching to see if the cryptocurrency can break through this resistance level, which would indicate a stronger recovery and potentially higher gains.
