Solana Faces Critical Moment with $1.77 Billion Unlock
- Solana’s price is in a downtrend, currently near the $157 support level.
- A key resistance level is at $180.58; crossing it could shift market bias to neutral.
- 11.2 million SOL tokens, valued at approximately $1.77 billion, are set for release on March 1.
- The price peaked at $295 in mid-January and has since declined to the mid-$150 range.
- Market participants are selling in anticipation of increased volatility from the token release.
Solana’s ongoing downtrend sees it trading near crucial support levels, with significant token releases anticipated to influence market dynamics further. At press time, SOL traded at $158.
Source (2.6)https://www.newsbtc.com/news/solana/solana-make-or-break-moment-1-77-billion-unlock/?rand=52377
