- A previously profitable whale bought 47,535 SOL worth about $3.6 million after two years of inactivity.
- The same wallet made over $20 million in realized profit from earlier SOL trades.
- SOL holds near $76, with $75 as support and $80 marking the first recovery level.
Solana price trades near $76 after a previously profitable whale returned to the market following more than two years of inactivity. Lookonchain reported that the wallet bought 47,535 SOL worth about $3.6 million. The purchase comes as SOL holds near $75 support, while the daily chart keeps $80 as the first clear recovery level.
Solana Price Holds Near $76 as Smart Whale Returns
The wallet previously bought 291,790 SOL for about $6.82 million during August and October 2023. Its average entry stood at $23.37 before SOL began a sharp advance.
The whale later sold 191,789 SOL for roughly $24.62 million at an average price of $128.36. Lookonchain estimates those sales produced more than $20 million in realized profit.
After more than two years without activity, the address has returned with another large purchase. The $3.6 million buy puts fresh attention on Solana price while the token trades well below the whale’s previous selling level.
Crypto Patel identifies $60 to $40 as a long-term accumulation zone. His chart lists $300, $500 and $1,000 as longer-term targets. He also says SOL could revisit levels below $60 during a deeper correction.
Solana Price Eyes $80 Breakout While $75 Support Holds
SOL trades around $76.04 on the daily chart after retreating from the $100 resistance area. Price still holds above the recent $75.23 low, keeping the market inside a narrow short-term range.
The Relative Strength Index stands at 53.68, while its 14-period average sits at 51.34. Both readings show neutral momentum with a mild bullish tilt. Trading volume also remains low, leaving the current move without strong participation.
For Solana price, $80 marks the first upside level to watch. A daily break above it could open room toward higher resistance. Losing $75 would instead shift attention toward $72.
The current SOL price structure stays trapped between nearby support and resistance. Whale buying adds fresh on-chain activity, but a clear break from the $75 to $80 range has not occurred.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
