$SOL

Solana (SOL) is trading around $171.23, reflecting a slight decline of approximately 1.5% over the past 24 hours. This dip follows a recent peak of $186 earlier in the week.

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The price movement is influenced by news of the bankrupt crypto exchange FTX planning a $5 billion payout to creditors, leading to the unstaking of over 1.4 million SOL tokens. Despite this, technical indicators suggest potential for a rebound, with analysts identifying bullish patterns that could drive the price towards $200 or higher if momentum continues.