According to Mihir (@RhythmicAnalyst), Solana's (SOL) weekly timeframe chart currently shows the price positioned between a critical support (level-2) and resistance (level-1). This setup signals that traders should closely monitor the resistance level, as a confirmed breakout above level-1 could initiate significant upward momentum. For short-term trading strategies, this range-bound condition suggests limited volatility until a decisive move occurs. This technical picture is vital for crypto traders seeking to capitalize on breakout opportunities and manage risk, as verified by Mihir's chart analysis (source: Twitter/@RhythmicAnalyst, June 8, 2025).

According to Crypto Rover, traders are focusing on accumulating high-potential altcoins like Ethereum (ETH), Solana (SOL), and Polygon (MATIC) during the current market dip, citing their strong network activity and recent developer updates as key drivers for future price recovery (source: @rovercrc, May 31, 2025). These projects have demonstrated resilience in previous cycles and are supported by robust on-chain metrics, making them attractive for mid- to long-term portfolios. Crypto Rover highlights that this accumulation strategy aligns with historical patterns of altcoin rebounds following Bitcoin corrections, suggesting that traders should monitor volume spikes and support levels for optimal entry points. Altcoin accumulation during dips remains a critical trading strategy, especially as institutional interest in blockchain technology continues to grow, which could impact both altcoin and major crypto market sentiment.

According to Lookonchain, a significant Solana whale deposited 49,858 SOL worth $8.46 million to Kraken, incurring a realized loss of $3.11 million compared to their original entry. Six months earlier, this whale withdrew 48,185 SOL ($11.58M) from Kraken at $240 each and staked the assets, earning 1,673 SOL ($286K) in staking rewards. Despite the staking yield, the whale's overall position suffered due to the recent price drop. This large-scale deposit to an exchange signals potential selling pressure, which could trigger short-term volatility or downward movement in SOL prices. Traders should monitor Kraken order books and overall exchange inflows, as whale movements often precede market reactions. The event underlines the risks and timing considerations in SOL staking and the broader Solana ecosystem. (Source: Lookonchain on Twitter, May 16, 2025)

According to Lookonchain, a trader generated a profit of 767 SOL (approximately $112,000) within three hours by closely tracking @SolportTom’s wallet activity on Solana. The trader invested 50 SOL ($7,395) to purchase 270 billion $Grassito tokens in the same block as @SolportTom, subsequently selling the position for 817 SOL ($119,500). This on-chain trade demonstrates the effectiveness of following influential wallets and executing synchronized buy orders to capitalize on rapid price movements. The detailed transaction can be verified on Solscan at solscan.io/tx/3eabx2DuL6T, offering valuable insight for traders leveraging wallet-tracking and real-time blockchain data for profit opportunities. (Source: Lookonchain on Twitter, April 29, 2025)