Ahead of Unlocking 524.03 Million Tokens, SOL Price Drops

Solana is preparing to unlock tokens with more than 524 million tokens. However, Solana price now it is now decreasing. This situation makes SOL investors ask to be vigilant. The reason is, there are many major tokens that will also unlock tokens in the same month as Solana.

Read the full explanation of the current SOL price conditions complete with technical analysis.

Current Solana Price

The price of Solana to USDT is currently at $148.45 due to a decline of -5.31%. This price looks small not only in the 24 hours that SOL was trading at its highest figure of $157.32, but it is also very down compared to SOL’s performance in Q3.

In early August, SOL was at $193, and then in early September, Solana also experienced an increase of up to 25%. This increase rate far exceeds the increase rate for BTC and ETH.

It can be seen from the Solana price chart above, several Solana indicators show unsatisfactory conditions. For example, the RSI indicator is currently at 40. This means that Solana is currently experiencing a selling trend that is greater than the buying trend. If this RSI number falls again, overselling occurs on the SOL token.