A massive purchase of 1.77 million SOL tokens worth $223 million on Kraken by a whale has sent waves through the Solana community. This significant stake signals long-term confidence but does it hold enough to trigger an impressive price rally? Here’s what analysts are saying: The market is currently struggling to break past the crucial $125 level, which was once a critical support for Solana. A drop below this zone could lead to further declines, potentially reaching as low as $105. While network data shows mixed signals, the overall sentiment remains bearish. 11.12 million addresses have joined the Solana ecosystem in recent days, setting a new record. However, active addresses and transactions are declining, indicating a slowdown in DeFi activity and buying pressure. A key concern is the presence of a bearish wedge pattern, signaling further potential decline. As Bitcoin and Ethereum fall, Solana faces greater market pressures, fueled by macroeconomic risks like rising inflation from new tariffs on imported goods announced by Donald Trump. While these developments cast doubt on short-term rallies, the whale’s move remains an interesting indicator of sustained confidence in the long term. The $145 level is considered a vital breakpoint for Solana’s recovery. Watch this space as we await the next decisive market move.