$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: 11.2 million $SOL tokens ๐ from the FTX bankruptcy estate are scheduled for March 1, 2025 ๐๏ธ. This event has raised concerns ๐ about potential market impact ๐ due to the significant influx of tokens.
๐จCME Group Futures Launch: CME Group ๐๏ธ announced plans to introduce Solana futures in March 2025 ๐, expanding its crypto derivatives offerings. This move indicates growing institutional interest in Solana ๐ฆ๐ฐ.
๐ข๐ขTechnical Analysis:๐๐
๐Support and Resistance Levels: Solana recently dipped ๐ below the $130 support level, reaching a low of $126 ๐. The next significant support levels are at $110 and $100 ๐ก๏ธ, while resistance is anticipated around $160 ๐ง.
๐Relative Strength Index (RSI): The RSI has fallen to 23.92 ๐, indicating oversold conditions ๐๐. Historically, such levels suggest potential for a price rebound ๐๐.
๐Moving Averages: Technical indicators show a bearish trend ๐ป๐, with moving averages suggesting a 'Sell' signal ๐.
#CMEsolanaFuture ures ๐๐๏ธ
#MemesNotSecurity ๐คฃ๐
#BinanceAlphaAlert ๐จ๐
#Crypto โฟ๐
#FutureTarding ๐ฎ๐