Solana Faces Consolidation Amidst Whale Selling Pressure, Key Technical Levels Shape Market

Solana is currently navigating a period of consolidation as significant whale activity impacts price movements. Technical patterns indicate potential breakout or deeper retracement near critical support levels. 50% Fibonacci retracement levels are being tested for Solana (SOL), while descending triangle and falling wedge patterns on the 1-hour chart of SOL against Tether (USDT) on Binance suggest a possible break above resistance.