Solana Price Prediction as $2 Billion Volume Comes In – Are Whales Buying?

cryptonews.com:

The Solana price has climbed by 1.5% in the past 24 hours, reaching $115 as the crypto market posts a 2.5% gain today.

SOL’s move today comes as the market continues to ride the wave of rising Bitcoin ETF volumes, with the altcoin now up by 20% in a week and in the past month.

SOL is also sitting on a 430% gain in the last 12 months, making it one of the best-performing top-100 coins over this period.

And with whales and other larger traders pushing its volume up to $2 billion today, it’s very likely that the Solana price will continue rising in the near future.

SOL’s chart remains highly positive, showing both strong momentum and the fact that it still hasn’t become overbought.

Its RSI (purple) has just touched 70 today, up from 50 a week ago and 40 on January 22.

This is a reflection of the strength of its recent price movements relative to previous changes, with 70 indicating that SOL still has space to rally further.

Meanwhile, the coin’s 30-day average (yellow) continues to leave its 200-day (blue) behind, another sign that momentum is with the token’s buyers at the moment.

And at the moment, its trading volume – currently at $2 billion – would indicate that buyers remain very much interested in the token.