Solana 
$78 (SOL) price recently surged above $145 due to substantial activity from large investors. However, massive transfers from several whale-level wallet addresses could signal impending selling pressure. Meanwhile, Avalanche (AVAX) is currently at a critical support level, trying to recover from recent losses. Investors are keen to learn how these two altcoins will behave in the near future.
Can Solana Hold Above $145?
Solana’s price has experienced significant fluctuations in recent weeks. After a strong rebound from $133, SOL successfully breached the psychological resistance level of $145. However, it struggles to maintain momentum above the critical threshold of $150.
Whale activities are directly affecting the price. According to LookonChain data, large investors withdrew $7.5 million worth of SOL coins from Binance, which drove up the price rapidly. However, recent data indicates that five different whale wallet addresses removed a total of 5.52 million SOL (worth $810 million) from staking, with 3.54 million transferred to Coinbase Prime. Such substantial movements typically increase selling pressure, potentially leading to price declines.
According to technical analysis, the RSI indicator signals a potential decline, while the CMF indicator does not yet support an uptrend. The MACD shows a decrease in selling pressure. If the MACD exhibits a bullish crossover, SOL’s price could regain momentum, but a consolidation between $138 and $145 is likely for now.
Can AVAX Hold at $20 Support?
AVAX’s price has lost gains made since November 2024 and has dropped to the $20 support level. After trading at $35 in January, AVAX has entered a strong downward trend in recent weeks.
Technical indicators might suggest a short-term rebound. As the price reaches new lows, the MACD indicates an upward trend, potentially signaling a bounce back. However, to exit the downward trend, AVAX needs to exceed the 20-day moving average at $24.24, with a stronger upward movement requiring the breach of the $26.54 resistance.
Additionally, data from Coinglass indicates that the $27.4 level is a major liquidation zone. In downward movements, the $19.7 – $20 region serves as significant support. If Bitcoin 
$66,546 remains above $85,000, AVAX could rise to around $24 in the short term. However, any potential drop in BTC could further depress the AVAX price.
