🚨🚨Solana's price has plummeted to $157.25, wiping out its post-Trump reelection gains. What's behind the drop?

Rumors of a massive selloff by Binance and Kraken have fueled the downside speculation. Additionally, the upcoming token unlock event on March 1, 2025, has sparked "peak FUD" (fear, uncertainty, and doubt) within the Solana ecosystem.

Technically, Solana's price looks ready for a bounce due to an observable bullish fractal on its daily chart. The RSI is near 30, a zone where SOL saw sharp recoveries in the past.

Will Solana's price rise again? Share your thoughts!

Key points:

Solana's price has dropped to $157.25, its lowest level since early November.

Binance and Kraken's rumored selloff has contributed to the decline.

The upcoming token unlock event on March 1, 2025, has sparked concerns over potential sell pressure.

Solana's RSI is near 30, a zone where SOL saw sharp recoveries in the past.

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