Unstaked (UNSD) Price Prediction: 1000x ROI Potential as Binance Offloads Millions in Solana (SOL)

The Solana (SOL) crypto forecast is juggling a few interesting balls in the air. There's Binance offloading millions in SOL, which some view negatively, while others see it as a natural move. Meanwhile, fib levels and a possible bounce zone have traders preparing for the next move.

Solana Price Prediction: Fib Levels and Binance Outflow Have Traders Focused

The Solana (SOL) crypto forecast is juggling a few interesting balls in the air right now. There's Binance offloading millions in SOL, which some view negatively, but others see it as a natural move as fib levels and a possible bounce zone have traders focused.

The cryptocurrency exchange reportedly moved 116,444 SOL, valued at roughly $2 million, from its hot wallets to an unknown address over the past 24 hours. This follows a series of smaller transactions throughout the week, totaling around $10 million in SOL outflows since Monday.

While some community members expressed concern over the transactions, others noted that Binance frequently shuffles coins for liquidity management and arbitrage opportunities. The exchange typically holds a large balance of various coins, which it allocates strategically based on market conditions.

Solana Is Testing Key Fib Levels

On the technical front, Solana price action is approaching the $160 to $180 zone, which aligns with key Fibonacci levels. This range could act as a natural bounce area for bulls to regroup.

After reclaiming the daily Ichimoku Cloud for the first time since January, which usually signals early bullish momentum, the next focus is on holding above the $170 zone to maintain the positive bias.

If the bulls can manage to keep the price above the $170 zone and continue pushing higher, then the next resistance levels to watch out for are $180 and $190.

Solana Price Action Surging Higher

The Solana (SOL) crypto forecast is shifting from caution to curiosity as the coin tests a triple bottom and fib zone for a possible bounce.

Solana has dropped sharply from recent highs, sliding to test the lower fib zone at $160 to $180. This range is also recognized by traders as a triple bottom formation on the 3-hour chart.

A triple bottom occurs when the price bounces off the same support level three times before continuing its trend. It's a bullish reversal pattern that signals sellers are becoming exhausted at the support zone.

Solana (SOL) Crypto Forecast: Chart Analysis

The fib zone from the recent high to low is offering a natural bounce zone.

Solana price action is approaching the $160 to $180 zone, which aligns with fib levels. This range could act as a natural bounce area for bulls to regroup.

Solana has dropped sharply from recent highs, sliding to test the lower fib zone at $160 to $180. This range is also recognized by traders as a triple bottom formation on the 3-hour chart.

A triple bottom occurs when the price bounces off the same support level three times before continuing its trend. It's a bullish reversal pattern that signals sellers are becoming exhausted at the support zone.

Solana Is Testing Key Fib Levels

On the technical side, Solana just reclaimed the daily Ichimoku Cloud for the first time since January, a signal that is often tied to early bullish momentum.

The next focus is on keeping the price above the $170 zone to maintain the positive bias.

If the bulls can manage to keep the price above the $170 zone and continue pushing higher, then the next resistance levels to watch out for are $180 and $190.

Solana price action is approaching a triple bottom formation and fib zone, which has traders focused ahead of the next move.

The cryptocurrency slid sharply from recent highs, testing the lower fib zone at $160 to $180. This range is also recognized by traders as a triple bottom formation on the 3-hour chart.

A triple bottom occurs when the price bounces off the same support level three times before continuing its trend. It's a bullish reversal pattern that signals that sellers are becoming exhausted at the support zone.

Solana Is Testing Key Fib Levels

On the technical side, Solana just reclaimed the daily Ichimoku Cloud for the first time since January, a signal that is usually tied to early bullish momentum.

The next focus is on keeping the price above the $170 zone to maintain the positive bias.

If the bulls can manage to keep the price above the $170 zone and continue pushing higher, then the next resistance levels to watch out for are $180 and $190.

Solana price action is approaching a triple bottom formation and fib zone, which has traders focused ahead of the next move.

The cryptocurrency slid sharply from recent highs, testing the lower fib