Yigit Taha OZTURK 
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.
$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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