Solana nears breakout as whale and institution accumulate $23M in SOL
- —Whale opened a 5x long on 164,642 SOL worth $19.78 million, liquidation at $99.68
- —The whale's position is down $221K (5.87%) with an entry price of $121.49
- —DeFi Dev Corp bought 26,203 SOL for $3.15 million, lifting holdings to 2.564 million SOL
- —SOL consolidates near $120 in a triangle after rallying from $96 to $125
Why it matters: A triangle breakout will set direction: bulls target $150, while a correction risks $95.
Source: AMBCrypto