Solana Price Faces Critical Test Near $140 Amid KOL Predictions and Whale Activity

Solana's price is currently facing a critical phase, with its value hovering just below the $140 resistance level. The market is observing whether Solana can sustain recent gains or fall back to lower support levels.

Technical Analysis

SOL trades below $138 after recovering from a $128 low.
The 20-day EMA at $138 is a significant barrier, repeatedly rejecting upward attempts.
A close above $140 could target $142 and $150; failure may lead to retracements toward $132 or $128.
Indicators show mixed signals: the hourly RSI is above 50, but MACD suggests weak bullish momentum.

Market Sentiment and KOL Predictions

Solana's market cap dropped by around 40.5% over two months, contrary to bullish predictions.
This discrepancy highlights the need for tools like KOLs_Tracker to assess influencer accuracy.
Traders are cautious, integrating social sentiment data with traditional indicators.

Whale Activity and Liquidity

Significant whale activity includes transferring 100,000 SOL to Binance, part of a broader trend since April.
Over 600,000 SOL moved to exchanges, reinforcing resistance zones and limiting recovery.
The whale's address still holds more than 700,000 SOL, indicating potential future liquidity shifts.

Market participants remain focused on whether buyers can establish a base above the $138–$140 range. Resistance persists, sentiment is cautious, and Solana's path forward depends on technical factors and the broader crypto market trend.