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Why Solana’s Walruses and Wallets Might Just Party Their Way to $180

BBG News
  • Solana’s biggest fish are gulping down coins like there’s no tomorrow—watch out if $144 gets busted.
  • Short sellers are frowning hard, which means a squeeze might just squeeze the life into SOL’s party.

Turns out, Solana [SOL] is having a clandestine whale convention. Wallets packing 10,000+ SOL jumped by 1.53%—because apparently, more is more, darling.

From 4,943 to 5,019 whales in the pond, and SOL doing a modest little shimmy at $139.29 (a 0.57% flex).

Big money’s playing shy but loud, as SOL tiptoes near a “technically spooky” zone. Will these hefty swimmers push SOL out of its naptime? Stay tuned.

Is Solana brewing a cup & handle smoothie ready to rocket launch? 🚀

It’s classic: SOL pirouetted above that descending trendline like a ballerina, sketching a textbook cup-and-handle pattern. Yes, we’re back to high school charting—but this one’s promising.

This pattern’s eyeing a neckline resistance at $144.40 like it’s the last slice of pizza at a party. Smash that, and we might see some serious upward salsa.

The handle’s mulling over its life choices in a tight corner, while price hovers near $139—teasing us with the chance of a breakout bonanza.

If it closes strong above neckline, we’re talking $179.48-level dreams. If not, well… maybe some more consoling consol-lation around $135-$140.

So, traders, are you sleeping on Solana’s secret sauce? 😴

Derivatives markets are currently throwing shade: the OI-Weighted Funding Rate dipped to -0.0116% on April 20, meaning shorts are back in vogue, like goths at a sunny beach.

Sure, shorts usually scream “nope” to rallies, but with whales hoarding and spot buyers calmly stacking, this negativity could trigger a delightful short squeeze—because misery loves company.

Spot flows looking rather optimistic – the tortoise’s up to something? 🐢

Liquidity’s quietly humming with spot inflows clocking $96.27M, just edging past $88.36M in outflows on April 20. Like a slow dance, but with dollar bills.

The net difference is like a polite nudge, but when paired with those whale wallet ballerinas and chart drama, it’s looking like a slow-build rally fan club.

Unlike the derivatives party, where everyone’s clutching their drinks nervously, spot buyers are cozying up for a long-term cuddle with SOL.

DeFi flexes its muscles — is that Solana’s glow-up? 💪

And don’t forget: Solana’s DeFi scene isn’t just twiddling its thumbs. TVL jumped a sprightly 3.11% in 24 hours to $9.018 billion — basically, DeFi users got their caffeine fix and are ready to run.

This spike is like Solana showing off at the blockchain prom, reminding everyone it still knows how to party with liquidity providers and app users alike.

As capital flirts with blockchains that show real action, Solana’s DeFi rebound is whispering sweet nothings to bullish hopes everywhere.

So… will Solana’s whale squad and DeFi hype train steamroll us to $180? 🐳🎉

Package deal: whales stacking, steady spot inflows showcasing patient money moves, and DeFi shaking off the dust. SOL’s setup looks tasty.

The Funding Rate still twitches nervously, but maybe that’s just the perfect vibe for a contrarian fireworks show.

One clean breakout, and those shorts might just get squeezed into a frenzy, slingshotting SOL towards $179.48. Fingers crossed the bulls remember their lines and keep the volume party going.

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2025-04-20 17:16

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