Will Solana maintain the $100 support level amidst whale selling pressure? Market analysts discuss potential price scenarios and key support levels.
Recently, Solana has experienced significant fluctuations due to a large whale selling 100,000 SOL tokens (around $10.7 million). This whale previously held 1.32 million SOL (equivalent to $192 million) but recently moved all assets out of staking. Subsequently, the whale deposited 1.2 million SOL into the Camino platform, borrowing $20 million USDC against it. Market analysts suggest that if SOL drops below $100, it could decline to $90 or even $80. Conversely, breaking the $121 resistance level could lead to a surge to $147, over a 40% increase. Some analysts consider the next important support level to be around $70, viewing the dips as buying opportunities.
