Solana Drops 4.9% Breaking Below Key Support as Alameda Unlocks Continue
Market Intelligence Analysis
AI-PoweredSolana's price has dropped 4.9% to $153 as it breaks below a key support level, primarily due to the release of tokens by Alameda, which has led to increased selling pressure despite $336 million in institutional inflows. This situation indicates a struggle for Solana to maintain its value amidst significant market movements and token unlocks.
Market impact analysis based on bearish sentiment with 83% confidence.
Article Context
Institutional inflows of $336 million fail to offset selling pressure as SOL falls to $153 amid fresh token releases.
Analysis and insights provided by AnalystMarkets AI.