Crypto whales have been accumulating Solana’s native $SOL, driven by a $3 billion 24-hour trading volume which boosted the token by 3.7% in the last day.
Solana also saw a slight increase of 0.5% from its price last week, currently trading at $135. This makes Solana the best-performing asset among the five largest cryptocurrencies by market capitalization.
Bitcoin ($BTC), the world’s leading cryptocurrency, rose 3.3% in the last 24 hours but declined 3.2% over the week, currently at $57,144.
Ethereum ($ETH) saw the least movement among the top three layer 1s, growing only 1.3% overnight and losing 6.3% over the week, trading at $2,350.
Despite its recent gains, Solana’s rally might be short-lived according to the data.
### Solana Price Analysis
Solana has typically found support around $125 in the past three months, while resistance levels fell from $180 in July to $160 by late August.
With a rising relative strength index (RSI) of 62, Solana is approaching the overbought range of 70. This suggests that any further price increase might hit a ceiling around $140 before potentially dropping to test new support levels.
### Whales Circle Solana While Stacking Crypto All-Stars In $1.2 Million Presale
Among altcoins, Solana is the closest contender to Bitcoin and Ethereum in terms of market dominance due to its size and scalability. However, its price movements are closely tied to its rivals.
Investors seeking less conservative options might look into today’s meme coins, which are attracting significant investments. One notable project is Crypto All-Stars ($STARS), a unified staking platform for meme coin enthusiasts. This week, a whale invested $50,000 in $STARS.
Holders of various meme coins can stake them on the platform to earn passive income in the form of $STARS, with a current rewards rate of 1,245%.
The team behind Crypto All-Stars has allocated 20% of the tokens for its presale, 25% for presale staking, 20% for marketing, 10% for CEX/DEX listings, and the remaining 25% for the MemeVault Ecosystem. The presale has already raised nearly $1 million in the past two weeks.
You can start staking for rewards and claim the tokens once the presale ends.
For investors looking for short-to-mid-term gains, Crypto All-Stars might be a better choice than Solana. Visit the website to purchase $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media:
– [X (Twitter)](https://x.com/all_stars_coin)
– [Telegram](https://cryptoallstars.io/)
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