Solana Maintains Above $110 Despite Significant Whale Selloff

Solana remains above $110, trading at $114 with a 7.6% daily increase despite significant sell-offs by large investors.

Investor Sell-Offs

A whale known as “4W1Ree” unstaked 159,028 SOL tokens valued at $16.5 million and sold 60,000 for $6.13 million at an average price of $102.
Another holder, “5cPair,” sold 89,734 SOL tokens worth approximately $9.67 million at an average price of $108.
Three wallets collectively unstaked 168,498 SOL, incurring an $11.38 million loss.

In total, the Pump.Fun platform transferred 84,350 SOL tokens to Kraken, contributing to a total of 1.72 million SOL tokens offloaded since January 2025.

Technical Analysis

Despite selling pressure, analysts note a potential reversal; Solana's recent price drop reached a low of $95.16 but rebounded above $100.
The Relative Strength Index (RSI) indicates possible oversold conditions.
The TD sequential indicator suggests that Solana must hold above $95 and break $120 for a recovery towards $147.
If $95 support fails, prices could drop to around $69.94.

Current trading is between $114 (center pivot) and $94.29 (S1 pivot). Mixed sentiment exists regarding future price movements, with predictions ranging from $80 to $150 in April.