Solana Aims for $270: Elliott Wave Signals Bullish Momentum Amidst Whale Sell-Off

Despite a recent sell-off by large investors, Solana’s price might reach $270 according to Elliott Wave analysis. The cryptocurrency is currently trading around $178, with technical indicators suggesting potential upside. A surge above the $194 resistance level is expected to signal renewed buying interest and propel Solana towards its target of $270. However, current whale activity presents a mixed picture. These high-net-worth investors sold over 40 million SOL in a single day despite increasing decentralized exchange volumes on the network.