Solana (SOL) Aims for $200 Amid Whale Activity, Golden Cross

Solana (SOL) is showing signs of potential recovery, attempting to regain the $200 level after recently dipping below $190, with its market cap nearing $97 billion. Technical indicators suggest a possible bullish momentum if a golden cross forms, which could push SOL toward $209 and beyond. However, whale activity has been fluctuating, indicating mixed sentiment; the number of whale addresses dropped from a high of 5,167 to 5,053 before starting to rise again, suggesting renewed confidence among large investors. The Directional Movement Index (DMI) shows a decline in trend strength, which may imply that the previous downtrend is losing momentum, yet the overall market trend remains uncertain. If buying pressure continues, it could support Solana's price, but a failure to maintain momentum may lead to further declines. Analysts are keeping a close watch on key resistance and support levels to gauge Solana's next moves.