Solana's Bull Run Continues with $20.2M Bet on $150 Price Target

Solana's price has been on the rise, with a 20% increase in September, and it's currently trading at $120. Analysts are eyeing further gains towards $150, but certain technical indicators suggest a short-term pullback may be on the horizon.

A trader with a 100% win rate has opened a $20.2 million long position on Solana, sparking speculation about potential inside information.

Exchange netflow and the Relative Strength Index (RSI) suggest that a correction may be imminent, with the RSI having soared past 70, indicating overbought territory.