Solana (SOL) is expected to drop by 22% to the $120 level if it falls below $155. The market will witness the unlock of 11.2 million SOL tokens worth $1.7 billion on March 1, leading to the bearish sentiment and decline in SOL's price. The substantial token unlock has already impacted SOL's price, which has dropped over 7% in the past 24 hours. If SOL breaches the support at $155, there may be a further price drop. Despite the bearish market, whales and long-term holders are accumulating SOL, as evidenced by the outflow of $77 million worth of SOL from exchanges.
Content Editor ( coinpedia.org )
- 2025-02-24
Why is Solana (SOL) Price Falling Today?
