Solana (SOL) Price: 600K SOL Just Hit Exchanges — Here’s the Level Traders Are Watching Now

TLDR

• 600,000 SOL were deposited into exchanges, raising short-term supply concerns
• Analyst Ali Charts is watching the $50 level as a key potential pullback zone
• Analyst Ardi sees the $45–$60 range as the more attractive long-term buying area
• SOL bounced from recent lows and is now eyeing the $80 resistance level
• Solana developers continue building, with new use cases in payments, prediction markets, and tokenized stocks

Solana has been in the spotlight this week after a large batch of tokens moved onto exchanges and traders started watching key price levels more closely.

On June 20, crypto analyst Ali Charts reported that 600,000 SOL were deposited into trading platforms in a short period. Large exchange inflows like this are watched closely because they can signal that holders are preparing to sell or reduce exposure.

SOL Exchange Inflows Put $50 in Focus

Ali Charts said the rapid spike in exchange inflows suggests holders are moving liquid supply out of private wallets. He described it as rising caution around current price levels.

He added that if spot supply triggers an immediate flush, he is watching the $50 level closely. In his view, a pullback into that zone could absorb short-term panic and help form a stronger base before any future move higher.

Not every exchange deposit leads to immediate selling. Some transfers are used for collateral or internal purposes. Traders are waiting for price confirmation before making firm decisions.

SOL recently bounced from its lows and climbed back near $68. That recovery has shifted some attention toward the $80 resistance level, which analysts now treat as the next major test.

Analyst Sees Better Entry Below $60

Crypto analyst Ardi has been looking at Solana through the lens of past market cycles. He noted that SOL reached around $295 before its current correction, and that an 80% to 85% decline from that level would bring the price to the $45–$60 range.

He said that range aligns with the lower end of his long-term price model. Ardi is not buying at current levels and would rather wait for a move into that support zone before building a position.

Ardi also pointed to Solana’s last bear market, when the FTX collapse pushed SOL to around $8 after it had already dropped about 90% from its peak. Investors who bought near $17 before that final leg down still saw strong gains when the market recovered.

An Elliott Wave analysis from More Crypto Online shows SOL attempting to form a higher low. If buyers stay in control, that setup could lead to a retest of the $80 level.

On the development side, Mert, a well-known voice in the Solana community, said the network has proven its speed through years of heavy use. He pointed to prediction markets, tokenized stocks, institutional payments, and privacy tools as areas that could drive future activity on the chain.

As of the latest data, the $50 and $80 levels remain the two key price zones traders are watching most closely.

The post Solana (SOL) Price: 600K SOL Just Hit Exchanges — Here’s the Level Traders Are Watching Now appeared first on CoinCentral.