SOL encountered the risk of Libra project running away and the unlocking event on March 1st. The market reacted in advance and there was a phenomenon of market crash. At present, we need to explore whether its price position has been adjusted in place.

From the technical pattern analysis, the 8-hour level has formed a complete bat pattern, and the price has risen from the backup bat position of 113 to around 150. Judging from the comprehensive price position and market sentiment, this is likely to be the recent bottom.

Looking at the 1-hour level, through the Bollinger channel analysis, the price has been suppressed by the 1-hour Bollinger middle track many times, and now it has successfully broken through and entered the sideways stage. According to the technical trend, after the adjustment, there is a high probability of a rebound.

From the unlocking cycle law, there have been cases in the past where prices were raised first to attract retail investors to take over, and then sold. Whether this will happen again depends on whether retail investors will enter the market to take over. #币安HODLer空投KAITO $SOL