Solana’s price eyes $200 after whale buys SOL worth $12M

Key Points

1. Solana (SOL) price rose 5.08% from $162 to $171, supported by a 23.54% surge in trading volume, indicating renewed capital inflows.

2. A whale bought 71,000 SOL tokens worth $12 million from Binance and deposited them into Kamino, likely for yield farming, signaling bullish accumulation.

3. Buy-Sell Delta remained positive for three consecutive days, with higher buy volume than sell volume, reflecting aggressive retail accumulation.

4. Solana's Netflow dipped to -$6.86 million, indicating higher outflows than inflows, while funding rates and long/short ratios showed sustained demand for long positions.

5. A golden cross formed as SOL's MA50 crossed above MA200, with the price testing the $172 resistance; a breakout could target $200, while rejection may lead to a pullback.