Solana: 0x9c6a Holds $23M Profit on 20x Long

Solana trader 0x9c6a opened a 20x long on 550,087 SOL worth $67.88M a month ago and now holds over $23M in unrealized profit while targeting $200.

The position carries take-profit orders at $200 that could deliver more than $65M if SOL price prediction levels materialize amid ongoing crypto market volatility.

Price action on the 4h chart shows SOL at $121.75 inside the Bollinger Bands with upper resistance at $125.22 and lower support at $116.27; the bullish EMA structure places the 50-EMA at $116.91 as key support while the 200-EMA sits at $104.68, yet the MACD death cross at 1.77 signals fading momentum even as RSI at 56.4 remains neutral, suggesting a potential retracement to the 50-EMA before any push toward the $200 target.