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Solana exchange balances rise sharply amid key support zone holding, signaling potential price action ahead.

Technical Signals
05 Apr 2026
Coinpaper
View Source
Neutral
pluang ai news

Solana's exchange balances increased by 1.40 million SOL (about $110 million) over three days, suggesting more tokens are available on trading platforms, which could indicate potential selling pressure. However, this inflow does not confirm selling has started, as large holders might be repositioning. Meanwhile, Solana's price is holding a critical long-term Fibonacci support zone between $42.62 and $61.75, often seen as a potential reversal area after a deep pullback. While a major rally target above $1,000 is speculated based on past rebounds, this remains uncertain until Solana stabilizes and breaks key resistance levels near $89, $210, and $297.

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