Solana (Left), although it reached the highest level of all time on January 19, has largely lost value in the last month. Currently traded for $ 160, the left is preparing to open and release 11.2 million Coins within the scope of the FTX bankruptcy process. This supply, which corresponds to $ 1.78 billion in value, is thought to increase sales pressure. According to historical data, similar processes led to a decrease in prices.
Solana investors are preparing for the big sales wave
11.2 million units to be released on March 1 Left coin It caused concern among investors. Increased coin supply indicates a potential price decrease. Historically large -scale Coin key openings have a negative impact on the price.
CentimeterAccording to data, Solana’s funding rate has returned to negative. This shows that most investors expect the price to decrease. Normally, when the funding rate is positive, the expectation of rise in the market prevails. However, the negative ratio shows that those who sell deducting dominate the market.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
If the sales pressure increases, it may be difficult to recover solana. If buyers do not create enough demand in the market, the price may fall further. Especially how big investors will act in this process will be decisive in terms of price movement.
Solana may fall to the lowest level of the last 6 months
Technical analysis Solana priceshows that there is a risk of further fall. In the daily graph, the left fell below the 20 -day mobile average (EMA). This indicates that the current level of support is lost and the price is open to a new wave of decrease.

In addition, the price is likely to go below the 0.236 Fibonacci correction level. If this happens, it may fall to the solana to 120 dollars. The fact that the RSI indicator is also in the fall trend shows that bulls lose power and that the decline tendency may continue.
On the other hand, at the opening of 17 Solana locks in the past, Coin owners usually waited for a few months for sale. However, FTX is likely to sell rapidly to pay its debts. This means additional sales pressure and may have a double -digit price drop.
If the demand is higher than the supply, the price can unexpectedly move upward. In this scenario, it may rise to $ 228,13. However, the possibility of decreasing under the current conditions outweighs.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.