Can Price Hit $150 Ahead?

A Solana whale rattled the crypto sector on Tuesday, closely accumulating SOL amid a broader market dip. On-chain whale information signaled {that a} whopping 195,000 cash had been sacked from crypto trade giants as SOL worth slammed round $120. As an upshot, bullish market sentiments orbiting the sixth-largest coin by market cap surfaced amongst merchants and traders, with a possible $150 goal subsequent.

Solana Whale’s Commerce Transfer Stirs Market Optimism

According to Lookonchain data on March 11, a Solana whale withdrew 195,000 cash from crypto trade behemoths just lately. Per the whale information, $23.2 million price of cash had been purchased from top CEXs Bybit, OKX, and Gateio previously 24 hours.

This huge accumulation by a large-scale dealer amid an ongoing market hunch mirrored robust confidence within the asset’s potential forward. In consequence, broader market sentiments mirror optimism in regards to the asset’s long-term worth prospects.

Solana Whale’s ‘Purchase-The-Dip’ Plan

Notably, the broader crypto market presently faces immense stress as a result of macro fears. Quickly after Donald Trump’s new tariff saga, the probabilities of a recession within the U.S. rose to 40%. In flip, threat belongings encountered a panic-stricken investor sentiment globally.

Bitcoin price lost $80K, even touching a $76K multi-month low this Tuesday. Altcoins, together with SOL, mirrored the broader slumping trajectory. Nonetheless, the Solana whale’s choice to capitalize on the dip indicated a ‘buy-the-dip’ technique, setting off optimistic waves amongst traders because it indicators a restoration lies forward.

Rising Staking Fuels Extra Optimism

Concurrently, an X publish by Onchain Lens on March 11 revealed that ‘Cumberland DRW’ staked 48,182 SOL, price $5.72 million, just lately. Coupled with the huge SOL whale accumulation, this information garners further optimism, underscoring decreased token provide on exchanges.

General, the whale information and staking saga mirrored rising market curiosity within the asset’s potential, paving a bullish highway for worth.

Can SOL Value Recuperate To Hit $150?

As of press time, SOL price cracked barely over 3% and exchanged arms at $123. The coin bottomed and peaked at $113.19 and $131.24 previously 24 hours. Crypto market watchers anticipate a rising motion forward amid elevated shopping for for the asset.

Concurrently, famend market dealer ‘Coinvo’ took to X, stating Solana goes to blow up forward. The dealer cites a historic sample, signaling {that a} bull run awaits because the coin mirrors its 2021 development.

However, Bitcoin OG ‘Fortunate’ took to X, revealing {that a} tiny market motion might gas SOL to above $150. The coin presently sees a powerful demand zone between the $110-$127 vary, per the analyst. Altogether, when coupled with the huge Solana whale accumulations, the percentages of those bullish projections gained important weight.