As of February 26, 2025, Solana (SOL) is trading at approximately $143.27 USD.
Recent technical analyses indicate a bearish trend for SOL/USDT. TradingView's indicators show a "strong sell" signal, with both moving averages and oscillators suggesting downward momentum.
Analysts have identified key support levels around $185 to $190 and stronger support near $175. Resistance is noted between $199 and $202. The current downtrend is characterized by lower highs and lower lows, with indicators like the MACD showing bearish momentum.
Additionally, a significant token unlock is scheduled for March 1, 2025, with approximately 11.16 million SOL tokens (~$2 billion) set to be released into the market. This event could impact SOL's price dynamics.
Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider your risk tolerance before making any trading decisions.