Solana (SOL) received a blow, falling below $ 160 for the first time since November 2024. This price reduces any benefits that she saw after the excitement in the Trump election.
Now we are in the origin of Trump’s electoral pump for $ SOL, erasing the entire course before unlocking on March 1
What will you do here? pic.twitter.com/faflyuz6mm
– Kadense Pengu ° ❗ ❗ (@iamkadense) February 24, 2025
Technical signals hint at the potential rebound SOLANA
From a technical point of view, the Solana (RSI) relative force index slipped into the partition. This often suggests that prices may not fall much further.
Traiders closely monitor the level of support of $ 160. On the other hand, 194 US dollars is a key point of resistance, which makes a short -term profit with a smart step if the price bounces back.
However, if Solan is torn below $ 144, we could see even greater losses. Currently, the ratio of risk and remuneration is at the level of 1: 2.
Opening token adds pressure to the price of Solana
In addition to anxiety, Solana has an unlock token, scheduled for March 1. These unlocks can flood the market with a large number of tokens, often leading to sales pressure.
Historically, the Tokens waste forced the prices to jump, and everyone is watching how this time will react SOLANA reserves.
Connected: Samson MOU sees $ 1 million. USA Bitcoin, calls Ripple and Solana for emergency prices
Long -term cost of Solania: usefulness and demand in focus
But this is not all bad news for reasons to be optimistic. PUMP.FUN, decentralized exchange based on SOLANA (DEX), is reported, preparing to launch a new automated market manufacturer (AMM).
The goal is to pump up activity in the SOLANA network, which can balance the price reduction. This AMM would allow users to trade cryptocurrencies directly against bullets in smart contracts, excluding the need for an intermediary.
On February 24, the beta -version of AMM on PUMP.Fun with reference to their platform was first mentioned in the “Trenchdiver” update from “Trenchdiver”.
Can amm pump.fun turn over the tide for SOLANA?
If the new AMM PUMP.FUN actually increase the volume of trade and network activity, this can increase the usefulness and demand of SOLANA. This can support the price in the long run.
Nevertheless, in the short -term perspective of the mood of a common market and macroeconomic factors can still lead to a decrease in the price of SOLANA.
Connected: $ SOL against $ eth: Can Solana overtake Ethereum for No. 2 in Crypto?
Whales can be for Soolana DIP, some traders speculate
Despite the gloomy forecast of prices, some traders think that this decline is planned – smart tactics of large investors (“whales”) to buy more SOLANA in front of the main positive news, for example, the possible approval of SOLANA ETF.
With large holders, sold and smaller investors hesitate, the next few days are or hack for SOLANA. We will soon see if Sol will bounce back or continue to fall to lower support levels.
Refusal of responsibility: The information presented in this article is intended only for information and educational purposes. The article is not a financial advice or what -liba tips. Coin Edition is not responsible for any losses incurred as a result of the use of content, products or the services mentioned. Readers are recommended to be careful before taking any actions related to the company.
