Solana's price experienced a significant surge over the weekend, followed by a sharp decline in the last 24 hours. The volatility is attributed to the unstaking of 3.03 million SOL by FTX/Alameda, raising concerns of a potential sell-off. Large transfers of tokens have been observed, which historically have led to price declines. Additionally, FTX's bankruptcy proceedings could result in liquidation of these funds. However, CME Group's upcoming launch of Solana futures on March 17 provides a regulated investment option for institutional investors. A prominent analyst remains bullish on Solana, stating that it has broken its long-term downtrend. Price targets are set at $450, $678, and $1,099. Technical analysis shows the Relative Strength Index approaching oversold conditions, and a break below the lower Bollinger Band could indicate further downside. Immediate support levels are at $122-$125, while resistance is located near $164-$180. A close below $120 could confirm a deeper correction.



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