The SOL unlocking date is approaching, and the market hype will be seen at that time. However, SOL also has favorable hype for ETF application expectations. Does unlocking really mean selling pressure?
A very important question is that unlocking does not mean that you have to ship in the market. This is like, when you get paid at work, will you spend it all at once? The market itself is playing with expectations. Assuming the worst case scenario, this huge amount of chips will be sold in the market, so the best way is still to hold SOL and set a stop loss price as a hedging method. After all, no one knows how this batch of chips will be handled in the end, so set a stop loss first to ensure safety, and wait for the opportunity to get on the train if it falls below the trend line.
There is no way to escape the deep wash. Since the market began to ferment and FTX began to pay compensation, SOL has already fallen. I don’t know what price it will be washed to. I won’t guess the bottom. As I said before, there are already a large number of buy orders in the 150-160 range in the chain data. There is a high probability that there will be new positives in the future (such as a huge amount of chips being taken away by OTC, such as a new SOL god disk appearing again to lead a new market), all the negative sentiments will disappear, and new FOMO sentiments will come.
SOL is still an indispensable hot commodity on the chain!
