$SOL There is a possibility of a strong decline for Solana (SOL) on the Binance platform in the near future, based on several technical and fundamental factors.
๐ Factors that may lead to a strong decline:
1. Unlocking large amounts of the currency:
On March 1, 2025, 11.2 million SOL were unlocked, equivalent to 2.2% of the total supply, worth over $1 billion.
These large amounts may lead to selling pressure in the market, increasing the likelihood of a decline.
2. Decline in activity in the ecosystem:
The transaction volume on-chain has dropped by 28% in one week, indicating a decrease in activity within the Solana ecosystem.
A decline in activity may lead to a decrease in confidence in the currency and increase the likelihood of a decline.
3. Future price forecasts:
Forecasts indicate a potential drop in SOL price to levels below $100 in the second half of 2025.
๐ Trading recommendations:
For short-term traders:
It is advisable to exercise caution and closely monitor support and resistance levels.
It may be appropriate to consider short selling if key support levels are broken.
For long-term investors:
It is advisable to wait until signs of stability in the market appear before making investment decisions.
There may be buying opportunities at low price levels if a recovery in upward momentum is confirmed.
Note: Data shows that SOL has experienced significant price fluctuations, such as a 4% drop after FTX announced its debt repayment.
If you want to track SOL movements on the Binance platform or receive alerts when certain price levels are reached, you can use the monitoring tools available on the platform.
Follow me to receive all updates๐
