Solana Protections sees a renewed homogeneous pressure as FTX is $ 5 billion, which leads to $ 236 million in Sol Unfacking this week.
Solana (SOL) is less than $ 170 as FXT $ 5B PATION TIPLITion
Solana Price fell 4 % to $ 169 on Friday, May 16, after Crypto Exchange FTX confirmed bankruptcy to pay the creditor payments of $ 5 billion.
Thursday, Solana (
SOL) The price fell to $ 169, lost support inside the day at $ 170 for the first time in May. This decline follows the news that FTX will separate the assets and redistribute them to fulfill the second main payment.
FTX said on May 15 that it will start distributing $ 5 billion in digital assets on May 30. The payment will be processed via Bitgo and Kraken, with a settlement within 1 to 3 working days.
FTX payments are in line with 1.4B Sol withdrawals
The twice the price of the Solana coincides with a rise in locations through the distinctive codes of the 1 layer. According to Stakingrewards, no more than 1.4 million Sol has been stopped in the past seven days.
This step is likely to include large parts of FTX, which filter the assets. At $ 169 per code, the value of the Sol Un-Stake is estimated at about $ 236 million.
These large symbolic movements are usually generated, especially if the assets are entered with the exchange or offices of OTC for filtering.
Solana’s sale seems to be part of a wider decline in the distinctive class 1.
This simultaneous decline indicates the total paid sale pressure, which is likely to have investors with gains before FTX batches offer additional volatile risk.
Can bitcoin assembly and ETF optimism anchor Solana markets?
Although Sol declined, the price of Bitcoin (BTC) remained above $ 100,000 for seven consecutive trading days, the first extension since January 2025.
This stability can help contain the broader panic in the market. Historically, the BTC feelings often settled in large altcoins like Solana.
Polymarkets data currently shows the possibility of SEC with 82 % approval of ETFS altcoin by June 16. This can put Solana as a protective purchase of strategic merchants looking to obtain a potential judgment to agree to SEC next month.
Look forward: Critical weeks coming for Price Solana
The Sol price decreased by 4 % from Thursday reflects all internal sales pressure and the rotation of the broader market. The FTX distribution is 5 billion dollars and its associated control is the dominant narration this week.
For oxen, restoring $ 170 and a contract over $ 150 is necessary to keep the momentum. As ETF and BTC Holding Optimism continues, recovery is still reasonable, if a new request driver appears in the market to make up for the continuous Solana sales.
Until then, PRICE SolaNA remains transverse for more negative risks, especially if holders of the large wallet join sales.
Solana Price expectations today: Sol faces less than $ 175 with a risk of collapse about $ 160
Solana plans (SOL) show price expectations after a sharp decrease per day by 9.67 % on May 15, with a modest decrease of only 1.34 % to $ 171.42 in inspiring a strong rising conviction.
A session on Thursday showed that the closure of prices is higher than the average price of the weighted size (VWAP) at $ 170.53, but the total market structure is still fragile. The large -sized sale of the previous day, registered with 7.17 million, reflects a meaningful rejection near the level of $ 185 and a later loss of momentum of buyers.
Technically, Solana now fell down the center of Keltner, with $ 170.53 as a weak temporary support.
More importantly, Sol Price Action significantly embraces the lower half of the fluctuation envelope, and continued to fail to restore the Upper KC resistance at $ 181.06 doubting the bullish momentum.
In addition to the negative risks, bitcoin price expectations today, while relatively stable above 103,000 dollars, lacks a clear upper momentum. Without a strong bullish momentum from BTC, Altcoins is left like Solana more vulnerable to fluctuations.
Delta Trends trends in size emphasize the pressure of the sale side, as the last negative bars beyond the purchase, indicating distribution instead of accumulating these levels.
Sol must lose support at $ 170.53, the next net goal on the negative side appears at $ 161.74 for the lower band Keltner.
The rest of this level would confirm a short -term reflection in the short term, and open the door to $ 145 to $ 150, especially if weaken the total feelings or stumbled Bitcoin.
Until Solana spreads a decisive closure over $ 175 with accompanying size, in order for Bulls to stand a chance to nullify the dumping prediction.
Related questions (common questions)
Solana has decreased by 4 % with the outbreak of news that FTX will separate and liquidate the assets for the creditor’s payment of $ 5 billion.
FTX plans to start payments on May 30, 2025, with money processing via Bitgo or Kaken within 1-3 working days.
More than 1.4 million Sols, worth approximately $ 236 million, was not hidden – domestically contributed to the decline in prices.
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