$SOL: warning!
**🚨 
SOL Analysis: Major Unlock & Market Impact 🚨**
📅 **March 1st Unlock:**
Approximately 11.16 million SOL tokens (~$2 billion) are set to be released into the market.
🔗 Source: [Solana Scheduled for Major Unlock on March 1st, Raising Concerns of Selling Pressure](eblockmedia.com/news/articleView.html?idxno=13038)
### **What’s Happening withSOL?**
After the TRUMP pump, Solana faced a significant pullback, which was expected after such hype. However, a more concerning effect of the meme craze is the liquidity drain from the Solana ecosystem.
🔻 **Liquidity Issues:**
- Rug pulls often result in selling SOL for cash,
USDT, or even CRYPTOCAP:BTC.
- Exchanges like Raydium and Meteora made huge profits from fees in SOL and typically "sell to cash out".
This has led to a liquidity squeeze, causing a prolonged consolidation.
📉 **Technical Outlook:**
- Daily timeframe: Consolidation appears to be ending, and MACD is about to cross bullish, signaling a short-term relief for 1-2 weeks.
- Weekly timeframe: The bearish divergence remains strong and still needs to play out.
- A double top bearish pattern is identified, likely to push the price down.
⚠️ **March 1st Unlock - The Biggest Bearish Factor**
While 11M SOL represents only 2% of circulating supply, it comes at a bad time, adding selling pressure just as the ecosystem struggles with bearish sentiment.
### **Price Outlook:**
🛑 Short-term impact: Likely downside pressure.
✅ Long-term: Solana remains a solid and popular blockchain—it will recover.
**📉 Price Targets:**
- $160 or lower seems likely.
- Worst-case scenario: $120 , which is a major support level.
💡 Potential Buy Opportunity for long-term holders!
**DYOR!**
SOL Analysis: Major Unlock & Market Impact 🚨** 📅 **March 1st Unlock:**
Approximately 11.16 million SOL tokens (~$2 billion) are set to be released into the market.
🔗 Source: [Solana Scheduled for Major Unlock on March 1st, Raising Concerns of Selling Pressure](eblockmedia.com/news/articleView.html?idxno=13038)
### **What’s Happening with
SOL?** After the TRUMP pump, Solana faced a significant pullback, which was expected after such hype. However, a more concerning effect of the meme craze is the liquidity drain from the Solana ecosystem.
🔻 **Liquidity Issues:**
- Rug pulls often result in selling SOL for cash,
USDT, or even CRYPTOCAP:BTC. - Exchanges like Raydium and Meteora made huge profits from fees in SOL and typically "sell to cash out".
This has led to a liquidity squeeze, causing a prolonged consolidation.
📉 **Technical Outlook:**
- Daily timeframe: Consolidation appears to be ending, and MACD is about to cross bullish, signaling a short-term relief for 1-2 weeks.
- Weekly timeframe: The bearish divergence remains strong and still needs to play out.
- A double top bearish pattern is identified, likely to push the price down.
⚠️ **March 1st Unlock - The Biggest Bearish Factor**
While 11M SOL represents only 2% of circulating supply, it comes at a bad time, adding selling pressure just as the ecosystem struggles with bearish sentiment.
### **Price Outlook:**
🛑 Short-term impact: Likely downside pressure.
✅ Long-term: Solana remains a solid and popular blockchain—it will recover.
**📉 Price Targets:**
- $160 or lower seems likely.
- Worst-case scenario: $120 , which is a major support level.
💡 Potential Buy Opportunity for long-term holders!
**DYOR!**
Trade active
WARNING: The LIBRA situation seems to be turning into a major problem for the Solana ecosystem. Institutions aren't trading today, but when they resume tomorrow, I fear we might witness a significant crash in crypto. The institutions are not going to continue to buy and invest in a nest of illegal rug pulls, scams and so on...
The meme coin pull rugs are draining liquidity and creating an increasingly dangerous environment. Institutions could decide to exit certain altcoins—or even abandon altcoins entirely—due to legal implications. This scenario could trigger a crash of unimaginable proportions, similar to the dot-com bubble burst in 2001.
For now, I’d avoid altcoins until the traditional markets open. Stay safe. 🛡️📉
Trade closed: target reached
That was fast. SOL dumped to $160 dragging all the crypto into the red, because if f* reckless scams. This has to stop, or it will destroy the industry for real.
Note
We reached our first target 3 times.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.