Solana (SOL) price dropped to the lowest level 2025 to USD 125 on February 28. However, Altcoin entered the 16% of the Chicago Mercantile Exchange (CME) lend a hand rally, he announced the launch of Solana Futures on March 17. Futures product, which is now waiting for regulatory approval due to enterprises for construction products for Futures (CFTC) goods.

🚨 NEW: CME Group to launch Solana Futures on March 17, waiting for the regulatory review by CFTC. pic.twitter.com/sgjdxxgdqr

– Cointelegraph (@Cointelegraph) February 28 2025

Solana Bears did not attach salt below USD 130

From February 24, Solana has created a series of lower minima leading to an annual low level on Friday in the amount of USD 125. During this period, a clear abrasive discrepancy was created between the price indicator and relative strength (RSI).

As shown on the chart, a rally on a 4-hour table took place at the back of these stubborn discrepancies. The liquid signal led to the failure of the BTC swing pattern on a 1-day table.

The failure of the swing pattern is an indicator of reversing the trend that is used to observe the weakening of the dominant trend and identify potential reversal.

As analyzed, Solana now wants to close above her previous three days, and the confirmed closure above 143 USD will confirm the stubborn SFP. The emergency rally took place after entering the RSI on the soldered territory, marking the lowest level since June 2023, when Solana was valued at USD 15.

Direct general resistance remains 160 USD. Turning this level to support will continue to confirm $ 125 as a local bottom.

Related: Bitcoin Price Metrit Hits “Optimal DCA” Zone can not be seen from BTC trade in the range of $ 50,000 to USD 70,000

Did Sol sell out again in March?

As is widely discussed in the last month, the Solana token is unlocked on March 1, in which 11.2 million Sol will enter the circulation. There will be an escalate of 2.84% of total market capitalization, which is currently worth $ 1.62 billion.

The unlocking event is largely based on investors, and companies such as Galaxy, Panther and Figure want to secure $ 150 to $ 3 billion of unrealized profits.

While the larger market expects variability after the event, Keyrock Trading, Crypto Markets Maker platform, anticipated The result based on the analysis data from over 16,000 tokens.

Keyrock Trading emphasized that unlocked investors have recorded an average of 5% correction 30 days before the event. In this case, SOL suffered a significant drop in 60% over the past month.

The platform called the unlocking event as an average size (supply 1-5%) and stated,

“The medium unlocks historically a decrease by ~ 8% within 30 days after hopelessness.”

Based on data, SOL is to witness some form of pressure down shortly after March 1. Jeremy, cryptographic trader, anticipated The next low low are cards for Altcoin, where Solana can create a lower distance of around $ 110-120. However, the trader remained open to the 125 USD script, which is a robust level of support.

Related: Bitcoins price is reflected in 5%when the analyst sees cryptocurrencies ending in March

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.