August 22
Over the past 24 hours, the price of Solayer has decreased by 1.06%, and by 8.18% over the week. The main reasons for the drop are the unlocking of tokens, which increases supply on the market, as well as technical indicators indicating a downward trend. The overall situation in the altcoin market is also unfavorable, which further pressures the price.
The RSI (Relative Strength Index) for 7 days is around 35.3, which is close to the oversold zone. This suggests that the asset may be undervalued, but selling pressure persists.
The MACD histogram is negative, indicating bearish momentum — that is, a predominance of sellers.
The 7-day and 30-day moving averages (SMA and EMA) are above the current price, confirming the downward trend.
Impact of token unlock
According to an article dated August 11, 2025, Solayer unlocked tokens worth $17.33 million. The unlocking means that previously locked tokens became available for sale, which may increase price pressure if holders decide to sell them. Similar events occurred on May 8, 2025. Although today is August 21, 2025, the effects of these unlocks may still impact the market due to increased supply.
Overall market condition
The fear and greed index shows neutral sentiment, indicating uncertainty among investors.
The altcoin season index has decreased by 23.64% over the past month and currently stands at 42, indicating weakness in the alternative cryptocurrency market.
The total market capitalization of cryptocurrencies has fallen by 2.06% in the last 24 hours, which also puts pressure on the price of Solayer.
Positive news
Solayer continues to develop its technical capabilities, including high transaction throughput (TPS) and new partnerships. However, these positive factors are not yet reflected in the price, likely due to the stronger influence of token unlocks and the overall negative market sentiment.
The main reasons for the decline in the price of Solayer are the increase in supply due to the unlocking of tokens, technical signals indicating a downward trend, and the unfavorable situation in the altcoin market as a whole.
