Solana Price Prediction: Top Crypto Firm Reduces SOL ETF Exposure – Should Investors Be Worried Right Now?
Grayscale’s parent firm has quietly been offloading Solana holdings, just as the token’s price continues to struggle after months of decline.
This has sparked fresh debate around bullish Solana price predictions, with traders now asking whether this is a signal of deeper downside ahead, and if major players are preparing for a steeper correction.
A total of 18,862 GSOL shares that DCG acquired back in September 2024 were sold recently. The value of these shares exceeds $170,000 at the time of writing.
These sales could be aimed at fulfilling normal liquidity shortages. However, they could also be a “canary in the coal mine” that warns of an increasingly bearish attitude from market insiders.
Interestingly, SOL has been recovering today, booking a 3.2% gain in the past 24 hours as the token bounced strongly off the $120 support.
Let’s see how the charts are looking.
Solana Price Prediction: SOL Has Broken Out of a Falling Wedge, Next Stop is $150+
The 4-hour chart shows SOL has reversed its downtrend after breaking above the $125 level.
This shift suggests growing bullish momentum, especially if the price holds above this key area.
If $125 flips into strong support, SOL could target $135 next, with a potential move toward $145 in the coming days.
The Relative Strength Index (RSI) has climbed above the 14-period moving average and currently sits at 55.
These early buy signals indicate that market sentiment seems to be improving despite these fire sales from top execs at Grayscale.
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