Why everyone is bearish on Solana:
$SOL need to hold previous weekly low to save itself from $165/164 area; otherwise SOL is going to drop below 120$, a wick below 95$ is also possible.
Reason:
There is no demand of SOL in market right now because trenches are out of gas.
Allocation of FTX Estate 11.2M SOL ($2.05b worth) will be unlocked on march 1, 2025.
If we saw a new memecoin like TRUMP then demand will rise and SOL will give you good pump.
$SOL need to hold previous weekly low to save itself from $165/164 area; otherwise SOL is going to drop below 120$, a wick below 95$ is also possible.
Reason:
There is no demand of SOL in market right now because trenches are out of gas.
Allocation of FTX Estate 11.2M SOL ($2.05b worth) will be unlocked on march 1, 2025.
If we saw a new memecoin like TRUMP then demand will rise and SOL will give you good pump.
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SOL
143.56
-0.91%
ETH
1,775.8
-1.73%