{"id":50295,"date":"2025-04-07T11:02:59","date_gmt":"2025-04-07T11:02:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-price-falls-below-100-as-200m-unlock-nears\/"},"modified":"2025-04-07T11:02:59","modified_gmt":"2025-04-07T11:02:59","slug":"solana-price-falls-below-100-as-200m-unlock-nears","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-price-falls-below-100-as-200m-unlock-nears\/","title":{"rendered":"Solana price falls below $100 as $200M unlock nears"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li data-start=\"3492\" data-end=\"3550\">$114.57 held as support earlier, but trend now weakening.<\/li>\n<li data-start=\"3492\" data-end=\"3550\">RSI at 44 shows slight overselling, momentum unclear.<\/li>\n<li data-start=\"3492\" data-end=\"3550\">Solana&rsquo;s DeFi TVL climbs to $56 million, highest in 3 years.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"242\" data-end=\"864\">Solana (SOL) is now trading at $97.86, slipping below the key $120 level that had acted as a major pivot in recent weeks.<\/p>\n<p class=\"\" data-start=\"242\" data-end=\"864\">The drop comes just as the network sees its Total Value Locked (TVL) climb to a three-year high of $56 million and ahead of a scheduled $200 million token unlock, the largest of its kind until 2028.<\/p>\n<p class=\"\" data-start=\"242\" data-end=\"864\">The combination of rising DeFi activity and an increase in circulating supply has placed the token at a crucial crossroads, with traders closely monitoring support levels and potential volatility.<\/p>\n<p class=\"\" data-start=\"242\" data-end=\"864\">Broader crypto market weakness has also contributed to the decline, impacting sentiment across altcoins.<\/p>\n<p data-start=\"242\" data-end=\"864\"><\/p>\n<p data-start=\"866\" data-end=\"900\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\">CoinMarketCap<\/a><\/p>\n<h2 class=\"\" data-start=\"866\" data-end=\"900\">Solana price holds $114 support<\/h2>\n<p class=\"\" data-start=\"902\" data-end=\"1226\">Despite the latest dip, Solana had earlier shown strong buying interest around the $114.57 level.<\/p>\n<p class=\"\" data-start=\"902\" data-end=\"1226\">This price zone, once a resistance area through 2023 and early 2024, had flipped into support before the current correction.<\/p>\n<p class=\"\" data-start=\"902\" data-end=\"1226\">Market participants had been eyeing $120 as a key reversal zone, but price action has since weakened.<\/p>\n<p class=\"\" data-start=\"1228\" data-end=\"1443\">The next resistance remains at $135, which may come into play if SOL recovers.<\/p>\n<p class=\"\" data-start=\"1228\" data-end=\"1443\">A continued drop below $97 could expose the token to further downside, particularly if buyer support weakens near previous demand areas.<\/p>\n<h2 class=\"\" data-start=\"1445\" data-end=\"1481\">RSI and momentum indicators mixed<\/h2>\n<p class=\"\" data-start=\"1483\" data-end=\"1701\">Solana&rsquo;s Relative Strength Index (RSI) is currently at 44, indicating the asset is slightly oversold.<\/p>\n<p class=\"\" data-start=\"1483\" data-end=\"1701\">Although RSI had been trending upward earlier, the latest price decline suggests buying momentum is weakening again.<\/p>\n<p class=\"\" data-start=\"1703\" data-end=\"2086\">The Awesome Oscillator remains in negative territory, although its histogram recently began turning green, hinting at a possible momentum shift.<\/p>\n<p class=\"\" data-start=\"1703\" data-end=\"2086\">However, the current indicators do not confirm a clear trend reversal yet, and traders are cautious ahead of the upcoming unlock.<\/p>\n<p class=\"\" data-start=\"1703\" data-end=\"2086\">Market structure remains fragile, and sudden price moves are not uncommon around major token release events.<\/p>\n<h2 class=\"\" data-start=\"2088\" data-end=\"2119\">DeFi TVL hits $56M on Solana<\/h2>\n<p class=\"\" data-start=\"2121\" data-end=\"2401\">Solana&rsquo;s blockchain is showing growth on the decentralised finance (DeFi) front. Its TVL has risen to $56 million, the highest level in almost three years.<\/p>\n<p class=\"\" data-start=\"2121\" data-end=\"2401\">This milestone points to growing interest in Solana-based DeFi platforms, with more capital being deployed across protocols.<\/p>\n<p class=\"\" data-start=\"2403\" data-end=\"2613\">The growth in TVL highlights increasing user activity and potentially stronger long-term fundamentals.<\/p>\n<p class=\"\" data-start=\"2403\" data-end=\"2613\">However, the positive DeFi trend contrasts with short-term price weakness, creating a mixed market picture.<\/p>\n<h2 class=\"\" data-start=\"2615\" data-end=\"2652\">$200M Solana unlock sparks caution<\/h2>\n<p class=\"\" data-start=\"2654\" data-end=\"2920\">On-chain data confirms a $200 million token unlock is imminent, marking the largest single-day release of SOL tokens until 2028.<\/p>\n<p class=\"\" data-start=\"2654\" data-end=\"2920\">Unlock events tend to introduce temporary price pressure by increasing the circulating supply, especially if some recipients opt to sell.<\/p>\n<p class=\"\" data-start=\"2922\" data-end=\"3145\">The timing of the unlock&mdash;while Solana trades below $100&mdash;has raised concerns about near-term volatility.<\/p>\n<p class=\"\" data-start=\"2922\" data-end=\"3145\">The unlock could accelerate price moves in either direction, depending on how the market absorbs the additional supply.<\/p>\n<p class=\"\" data-start=\"3147\" data-end=\"3388\">Traders are positioning cautiously, with some watching for entry points on further weakness and others adjusting risk amid the uncertain outlook.<\/p>\n<p class=\"\" data-start=\"3147\" data-end=\"3388\">Liquidity conditions around the unlock date will likely determine the scale of market reaction.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/solana-price-falls-below-100-as-200m-unlock-nears\/\">Solana price falls below $100 as $200M unlock nears<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-price-falls-below-100-as-200m-unlock-nears\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) $114.57 held as support earlier, but trend now weakening. RSI at 44 shows slight overselling, momentum unclear. Solana&rsquo;s DeFi TVL climbs to $56 million, highest in 3 years. Solana (SOL) is now trading at $97.86, slipping below the key $120 level [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50295"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50295"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50296"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}