SOL Price Archives - Coin Engineer

Solana Falls Below $100 Ahead of $200M Token Unlock Despite DeFi Surge!

Yigit Taha OZTURK — Mon, 07 Apr 2025 09:30:44 +0000

Solana (SOL) is now trading at $97.86, dipping below the critical $100 mark. This price action comes even as the blockchain hits a milestone with Total Value Locked (TVL) in DeFi surging to $56 million, the highest in nearly three years. The market now braces for a major event: a $200 million token unlock, the largest of its kind until 2028.

Support Weakens, RSI Nears Oversold Levels

Previously, SOL held strong at $114.57, but that support has given way. The Relative Strength Index (RSI) stands at 44, signaling mild overselling. While momentum had shown signs of recovery, the latest price dip casts doubt on a clear reversal. Traders remain cautious amid mixed signals.

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Solana’s DeFi ecosystem is growing rapidly, as capital inflows push TVL to new highs. However, the positive on-chain metrics haven’t translated into price support. The $120 pivot zone has been broken, leaving $135 as the next resistance — if momentum recovers.

SOL/USD pair 4-hour chart.

$200M Unlock Adds to Volatility Risk

On-chain data reveals a $200 million token unlock is imminent, creating concern over potential short-term selling pressure. As new supply enters the market, price volatility could spike. The outcome will largely depend on how well liquidity absorbs the increase in circulating tokens.

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Whale Transfers 1,366,028 SOL to Exchanges!

Yigit Taha OZTURK — Wed, 26 Feb 2025 13:30:16 +0000

A whale has unstaked 1,366,028 SOL tokens (worth $198 million) and transferred them to FalconX. Subsequently, FalconX deposited 440,202 SOL (worth $62.6 million) to Binance and Coinbase. This movement could impact SOL’s liquidity and lead to increased volatility.

Whale Activity Sparks Increased Volatility in SOL Market

On February 26, 2025, a significant market movement occurred. According to Lookonchain data, a whale unstaked 1,366,028 SOL (valued at $198 million) and transferred it to FalconX. After this transfer, FalconX deposited 440,202 SOL (valued at $62.6 million) to Binance and Coinbase. Following this movement, SOL‘s price initially dropped from $145.00 to $142.50. During this period, trading volumes increased, with Binance recording 5.2 million SOL traded and Coinbase seeing 3.8 million SOL traded.

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This whale’s actions have created a perception of selling pressure, which led to a price dip. By 15:00 UTC, SOL’s price further decreased to $140.00, reflecting the market’s reaction to the perceived selling pressure.

For SOL, these developments could lead investors to adjust their strategies. The unstaked SOL tokens moving to centralized exchanges could indicate a potential sell-off, further increasing volatility. In this case, traders should be cautious of potential price declines and adjust their strategies accordingly.

The post Whale Transfers 1,366,028 SOL to Exchanges! appeared first on Coin Engineer.

Solana Price Analysis: Will the Critical Close Arrive?

Yigit Taha OZTURK — Thu, 16 Jan 2025 12:00:55 +0000

The recent surge in Solana has captured the attention of many in the crypto market. In order for this upward trend to be sustainable, Solana needs to close above the $206 mark. If this happens, a journey towards the $224 level could begin. However, if the price faces resistance at this level and begins to decline, the first support zone for Solana will be around the $190 region.

Reasons Behind the Surge

Several factors are driving Solana’s recent price increase:

Meme Coins Impact: The rise of meme coins on the Solana network has brought more attention to the platform, driving up the demand for SOL. These coins attract a large community, contributing to the overall momentum of Solana.
Strong DeFi Ecosystem: Solana continues to be one of the top contenders in the decentralized finance (DeFi) sector, thanks to its fast transaction speeds and low costs. This strong DeFi presence is encouraging more developers and users to engage with the platform.
Positive Sentiment: With the ongoing developments in the Solana ecosystem, including upcoming updates and partnerships, the overall sentiment around the coin has been bullish.

Potential Targets for the Future

Should Solana manage to break through the $206 resistance and establish itself above this level, the next target would be the $224 range. If Solana consolidates above this level, further gains could be expected, with the possibility of reaching new all-time highs.

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Key Support and Resistance Levels

Solana’s price is currently showing resilience, but it’s crucial to watch the $206 level closely for any breakout or pullback. A potential drop below this could send the price towards $190, where initial support is likely to form.

As we continue into 2025, Solana is positioned as one of the most promising altcoins in the market, supported by the growing interest in meme coins and the broader DeFi ecosystem. Investors and traders alike are closely monitoring these key levels to gauge the next potential move.

The post Solana Price Analysis: Will the Critical Close Arrive? appeared first on Coin Engineer.