Solana Price Hike: Whale Accumulation Boosts Recovery Sentiment

The cryptocurrency market, including Bitcoin, is recovering and gaining momentum for further growth. The Solana price, currently at $240, is expected to continue recovering as large investors show confidence in a potential breakout. Solana is trading above fast-moving exponential moving averages, suggesting a strong bullish market sentiment.

If there is a prolonged correction, support levels of $200 and $180 may be reached. On-chain data shows significant accumulation of Solana by whales, potentially signaling a major price breakout.

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