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>>Solana's Price Outlook: Amid the Decline of Other Cryptocurrencies, Large Investors Acquired SOL – $500 is the Initial Target

Solana's Price Outlook: Amid the Decline of Other Cryptocurrencies, Large Investors Acquired SOL – $500 is the Initial Target

crypthub

about 13 hours ago

Market Resilience and Whale Activity

Solana's price has stabilized at $173 after a 24% weekly drop, with whales accumulating assets amid US-China trade war-driven liquidations. Chaikin Money Flow indicates heavy buying, while $27 million in exchange outflows suggest large holders are moving to self-custody. This signals ongoing confidence in Solana's long-term bullish outlook.

Technical Indicators and Price Targets

A six-month rising wedge pattern on the 1-day chart shows momentum building, with $300 as a key breakout level. RSI and MACD signals suggest bulls are regaining control, potentially pushing Solana toward $500—a 160% increase. Short-term focus remains on the $190 demand zone as a critical support level.

Macro Factors and Snorter's Role

Interest rate cuts, corporate treasury buying, and ETF approvals could drive Solana toward $1,000. Snorter ($SNORT) offers tools for meme coin trading, including limit-order sniping, MEV-resistant swaps, and rug-pull protection. With a $4 million presale and 108% APY for early stakers, it aims to capitalize on growing momentum in the sector.