$275M token unlock could spark Solana rebound.
Solana SOL 6.08% Solana price has dropped by 21.7% from its highest point in May, meaning that it has moved into a local bear market. This crash has coincided with the ongoing sell-off of most of its meme coins. Solana price will be in the spotlight this week as the network will unlock tokens worth over $275 million on Saturday. These tokens represent about 0.36% of its float. Still, technicals point to a Solana price rebound, as it has formed a bullish flag pattern on the daily chart. This rebound will be confirmed if the token rises above the upper side of the descending channel at around $160.
