Can Solana (SOL) hit $184 after FTX, Alameda unstake $31 million?
2025-07-12 02:14:21
Main Idea
Solana (SOL) shows bullish trends despite FTX and Alameda unstaking $31 million worth of SOL, with potential for further price increases.
Key Points
1. FTX and Alameda unstaked 189,851 SOL worth $30.94 million, which may impact SOL's price.
2. SOL's price was trading near $163 with 24-hour gains of over 3.5%, though it had previously surged to around 5.5%.
3. Technical analysis indicates SOL is bullish, having broken out of multiple bullish patterns and showing a 12% price increase.
4. Solana’s Relative Strength Index (RSI) stood at 63, suggesting potential for further upward movement.
5. Traders have built $182.72 million worth of long positions, indicating bullish dominance and potential for higher price levels.
Description
It's been a busy few days for Solana, and that is unlikely to change anytime soon.
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