Solana Sees Short-Term Dip as Whales Bet Big on Solaxy Before Next Surge
The post Solana Sees Short-Term Dip as Whales Bet Big on Solaxy Before Next Surge appeared on BitcoinEthereumNews.com.
As the crypto market regains strength, Solana has re-emerged as one of the most talked-about altcoins of the current cycle. With its blazing-fast transaction speeds, low fees, and expanding ecosystem, the network is once again drawing the attention of investors and institutions alike. The big question now is whether Solana can achieve what many once considered a long shot — hitting the $500 mark in this bull run. Back in the previous bull cycle, lofty projections were made across the board — Bitcoin was expected to break $100,000, Ethereum was seen heading for $10,000, and Solana was speculated to climb as high as $500 or even $1,000. While Solana’s previous peak was around $290, the groundwork being laid today suggests that a much higher ceiling could now be within reach. Interestingly, some crypto whales aren’t just positioning themselves in SOL—they’re also quietly accumulating Solaxy, a new project gaining momentum ahead of its presale closing. With Solaxy generating buzz for its innovative ecosystem and ties to the Solana narrative, large investors appear to be loading up in anticipation of a major breakout. This surge in whale activity suggests that smart money is betting on Solaxy as a high-upside play before the broader market catches on. Source – Cryptonews YouTube Channel Solana Price Analysis Solana is currently trading around $173 and has shown resilience, gaining 18% over the past month despite recent market fluctuations. However, the 7-day chart reveals a short-term downtrend, with the price struggling to stay above the $180 level. After nearing $185, Solana faced selling pressure, forming a pattern of lower highs and lower lows. The pattern reflects cautious market sentiment, likely driven by profit-taking and broader market consolidation. Volatility remains high, with quick drops followed by brief recoveries. So far, these rebounds have failed to break past previous…
Filed under: News - @ May 29, 2025 9:21 pm