Weak Solana price is facilitated as that the consumption of the cast is purchasing

These purchases were noticeable because they only happened a day before 1.75 billion dollars Unlock Solana token. Token unlock is usually medducing because it increases circulating supply, dilution of existing farms.

The time also coincided with wider concerns about the future of Solana, especially after the coins in its ecosystem, significant losses. Market cap of all Solana Meme Coins Today, over $ 25 billion in January to $ 8.9 billion. Official trump (Abdomen) Market cap has fallen with $ 15 billion to $ 2.5 billion.

The total value of Solana was locked at 5.38 billion dollars, down from its year within $ 9.35 billion. Similarly, weekly decentralized exchange volume online fell 20% to 17 billion dollars.

Solan recovery also aligned with a mild jump in American actors. Dow Jones has risen 200 points, while S & P 500 and Nasdak 100 got 30 and 72 points, respectively.

Solan price analysis

At the end of this year, Solana reached $ 295 before the lowest $ 126.15, from 6. September. She fell under the crucial support level of $ 170, which was the lowest swing, which stressed on the neckline in the amount of double upper samples based on $ 265 – a $ 265 pattern – sample.

Solana is now approaching the cross of death, where the 50-day SELID-possible average of the dressing, which could indicate further. If this trend continues, bears can target $ 126 low and then psychological support at $ 100.

On the other hand, there is a chance of Solana to recover after unlocking the tokens. This would be a reverse “Buy Rumor, Sell news screenplay”, potentially pushing salt back towards resilience of $ 170.