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Grayscale’s parent company did so quietly Selling his Solana coins while the price of money is still difficult after a few months.
This development has sparked a new debate about the bullish sentiment for the price of Solana, with traders now wondering if this is a sign of a deeper decline to come, and if the major players are preparing for a drastic correction.
18,862 shares of GSOL stock, which DCG acquired in September 2024, were recently sold. The value of these shares is over $170,000 at the time of writing.
These products can be designed to meet the needs of all occasions. However, it can also serve as a “cautionary” warning of increased optimism among market insiders.
Interestingly, SOL has seen a recovery today, posting a 3.2% gain in the last 24 hours as the currency rebounded strongly from the $120 support level.
Let’s see what the graph looks like.
Solana Price Prediction: Solana price has crossed the bearish level, the next target is $150 and above.
The four-hour chart shows that SOL stock has reversed its downward trend after crossing the $125 level.
This change indicates a bullish trend, especially if the price remains above this important level.
If $125 turns into a strong support, the price of SOL can follow the next $135, and go to $145 in the coming days.
The Relative Strength Index (RSI) has risen over 14 moving days, and currently stands at 55.
These early buy signals indicate that market sentiment appears to be improving despite the aggressive sell-off by Grayscale’s senior management.
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A note Solana Price Forecast: Major Firm Reduces Exposure to Solana ETF – Should Investors Be Worried Now? appeared for the first time Cryptonews Arabic.
