Solana News: SOL Targets $330–$400 as Whale Buys Hit $381M While XLM Surges 22%
Solana (SOL) and Stellar (XLM) are making waves in the crypto market. SOL is eyeing a bullish breakout, while XLM shows signs of recovery. Here’s what you need to know.
Solana News: Whale Activity Fuels SOL Price Prediction
Solana (SOL) is trading at $184 after a pullback from $206. The $177–$190 range is a critical support zone, backed by strong whale activity. Upexi Treasury recently acquired 83,000 SOL worth $16.7M, pushing total holdings to $381M. A cup-and-handle formation suggests a potential rally to $330–$400 if key levels hold.
XLM Surge: 22% Transaction Growth Sparks Recovery
Stellar (XLM) dropped over 20% to $0.40 but is rebounding. Weekly transactions rose 22%, active wallets grew 16% to 208K, and stablecoin volume increased 40%. A doji candlestick signals a potential reversal, with $0.52 in sight if XLM stays above key moving averages.
Crypto Market Trends: What’s Driving the Action?
- Whale Activity: Large SOL buys indicate strong institutional interest.
- Network Growth: XLM’s transaction surge reflects renewed demand.
- Technical Patterns: SOL’s cup-and-handle and XLM’s doji hint at bullish momentum.
FAQs
Q: What is Solana’s price target?
A: SOL could reach $330–$400 if it holds above $177–$190 support.
Q: Why is XLM surging?
A: A 22% rise in transactions and a doji signal suggest bullish momentum.
Q: How significant is whale activity for SOL?
A: Whale buys totaling $381M indicate strong confidence in Solana’s growth.
Q: What’s next for XLM?
A: If XLM stays above key moving averages, it could test $0.52.
