Solana (SOL) Price: History Repeats? Last Death Cross Led to All-Time Highs 📈
Solana (SOL) is approaching a "death cross" pattern as its 50-day simple moving average (SMA) is about to cross below the 200-day SMA. This pattern historically signified a market downturn, yet the last occurrence led to all-time highs for Solana.
Currently, the SOL price has plunged to $120.35, marking its lowest level since September 2024. Amidst this decline, significant whale activity has been observed. A major whale has accumulated 195,000 SOL, amounting to $23.2 million, during the market dip.
Cumberland DRW has also shown substantial investment interest, staking 48,182 SOL valued at $5.72 million. Despite the price drop, traders remain optimistic about Solana's prospects, given past performance following similar patterns.
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