- Solana has shown resilience despite FTX/Alameda who did not put millions of sol.
- The long -term impact depends on whether buyers can absorb the increasing sales pressure.
FTX and Alameda Research’s Solana [SOL] Liquidation remains- 83.7K SOL ($ 10 million) loaded in two days, which stimulates a 20% drop.
Add to the pressure, a whale Onstak 134,902 Sol ($ 19.26 million) and placed 135K Sol for sale via Jupiter Exchange. Can Sol absorb the pressure with the liquidity of the assembly Sell-Side?
Solana is confronted
FTX/Alameda Research Unstaked 3.03 million SOL ($ 432.5 million), causing a competitive drop of 13.92% in the market.
Recently displacements Includes 24,799 Sol sold to Binance and 58,964 SOL ($ 8.52 million) deposited at trade fairs, deteriorating liquidity problems.
A remaining 2.95 million SOL of the non -stabbed amount threatens the further downward pressure on the Solana price.
Solana recovered from a dip from 20% to $ 139.21 and now acts at $ 148, helped by a rebound of 9.44%. The trade volume, however, fell by 21% to $ 6.86 billion, which reflects a weak omentum and risked a fading recovery.
Source: Santiment
The long -term provision remains bearish, reflected in the total value of Solana (TVL), that has cellar With 37.92% of the January peak from $ 14.5 billion to just $ 9.002 billion.
The road that seems to Sol for SOL seems hard, unless the copper sentiment is considerably taking.
Lack of support undermines the recovery of SOL
Solana’s graph and total value locked (TVL) indicate serious profit and stakes, which reveals a struggle to retain profit.
Since $ 270, SOL has not succeeded in building consistent support, which shows the impact of the current large -scale Onstak.
Source: TradingView (SOL/USDT)
The price of Solana is confronted with pressure, with a weak bullish momentum that increases its vulnerability to decrease further.
The market is struggling to absorb considerable liquidity on the sales side, especially from whales that do not hold their SOL.
A wider market recovery can offer short -term lighting, but the long -term provision of Solana remains uncertain.
With 2.90 million SOL with a risk of liquidation, a withdrawal of less than $ 130 in the coming months seems increasingly likely. Since the ATH of $ 270, the absence of strong support levels Sol has made very sensitive to sale and taking a profit.
