Solana's Price Decline Sparks Interest Among Whales

Solana's price has experienced a significant drop of over 40% recently. According to NS3.AI, despite this downturn, some large investors, known as whales, are opening substantial leveraged long positions, indicating a belief in a potential recovery. Early bullish indicators, such as RSI divergence and increased accumulation by long-term holders, suggest that sellers might be losing strength, even though the overall trend remains bearish. The price level at $77 and the RSI remaining above 30 are crucial thresholds that will determine whether a reversal or further declines will occur.