#CMEsolanaFutures $SOL is back ๐ช๐ช It's time to go next level ๐๐ฅ๐. Let's see what's happening on $SOL ๐ฅ
๐ข๐ขRecent Developments:๐๐
๐จFTX Token Unlock: An 11.2 million SOL token unlock from the FTX bankruptcy estate is scheduled for March 1, 2025. This event has raised concerns about potential market impact due to the significant influx of tokens.
๐จCME Group Futures Launch: CME Group announced plans to introduce Solana futures in March 2025, expanding its crypto derivatives offerings. This move indicates growing institutional interest in Solana.
๐ข๐ขTechnical Analysis:๐๐
๐Support and Resistance Levels: Solana recently dipped below the $130 support level, reaching a low of $126. The next significant support levels are at $110 and $100, while resistance is anticipated around $160.
๐Relative Strength Index (RSI): The RSI has fallen to 23.92, indicating oversold conditions. Historically, such levels suggest potential for a price rebound.
๐Moving Averages: Technical indicators show a bearish trend, with moving averages suggesting a 'Sell' signal.
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$SOL less than 30 mins for the biggest token unlock! Will $SOL fall or rise?
#ShareMyTrades $SOL 180 usdt bullish
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