A Solana whale purchased 47,535 SOL worth approximately $3.6 million, continuing its accumulation strategy that began over two years ago. This whale had previously accumulated 291,790 SOL between August and October 2023 at an average price of $23.37, before SOL’s price surge. On Binance, top traders maintain a dominant long position with 71.84% of positions versus only 28.16% short, resulting in a ratio of 2.55. SOL currently trades around $76.07 after defending the $74.53 support, with immediate resistance at $78.03. Liquidation clusters are concentrated near the current price, making the imminent breakout dependent on which direction the market takes first.
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