The Solana price forecasts looks at the recession of recession as the FTX prepares $ 5B payment, triggering $ 236m in Soul Unsting this week.
Solana (Sol) FXT $ 5B payout sparks below $ 170 as volatility
The bankrupt Crypto Exchange FTX declined by 4% to hit $ 169 on Friday, 16 May after confirming the payment of the creditor of $ 5 billion.
On Thursday, Solana (
Sol) price fell to $ 169, lost intraday support at $ 170 for the first time in May. This decline follows the news that FTX will untestate and remarry the property to meet its second major payment.
FTX’s assets said on 15 May that it would start distributing $ 5 billion to the claimants on 30 May. Payments will be processed through bitgo and crackon, which is expected to settle within 1-3 business days.
FTX payouts aligns with 1.4B sole staking withdrawal
The solana price weakness layer -1 matches with an optic in the event of a recession across the token. According to Stakingrewards, more than 1.4 million SOLs have been unstable in the last seven days.
The possibility of this step includes large parts organized by FTX, which is working to liquid the assets. On $ 169 per token, the value of the un-Stec Sol is approximately $ 236 million.
Such large token movements usually produce sales pressure, especially if the property records an exchange or OTC desk for liquidation.
Salana’s cell -off layer -1 token shows part of the widespread recession. CoingEcko data suggests that Ethereum fell 2.7% to $ 2,500, while XRP and Cardano posted 4% losses each.
This synchronized decline suggests that the macro-operated sales pressure, triggered by investors in profit before payment of FTX, introduces additional instability risks.
Can Bitcoin rally and ETF optimism anchor to Solana Bazaar?
Despite Sol’s pullback, Bitcoin (BTC) price The first such stretch has been above $ 100,000 for seven consecutive trading days, since January 2025.
This stability can help in broad market nervousness. Historically, BTC flexibility often stabilizes the feeling in large-caps such as solana.
Polymarkets data currently reflects 82% of SEC approval for Altcoin ETF until 16 June. This may position Solana in the form of a premature purchase for strategic traders coming out of a possible SEC approval next month.
Further viewing: Significant weeks for Solana Price ahead
4% Sole value From Thursday, DIP reflects both internal sales pressure and broad market rotation. The distribution of $ 5 billion of FTX and related unstacking remains the major story this week.
For bulls, it is necessary to recover $ 170 and hold the speed above $ 150. ETF optimism is still a ribound admirable, with Lump and BTC holding firm, if the fresh market demand driver emerges to offset the running Solna cell-off.
Till then, the price of Solana remains unsafe for more risk, especially if large wallet holders join the cell-offs.
Solana Price Forecast Today: Sol has a pressure from $ 175 with a risk of breakdown towards $ 160
The Solana (Sol) Price Forecast Chart shows the vulnerability signal on May 15 after a sharp 9.67% intraday drop, with only a modest 1.34% ribounds failed to inspire a strong rapid punishment in $ 171.42.
In Thursday’s session, the price was closed at $ 170.53 over the price volume weed average price (VWAP), but the overall market structure remains fragile. The sale of high-length sales of the pre-day-day high-volume recorded in 7.17 million shows a meaningful rejection near the level of $ 185 and the loss of speed from buyers.
Technically, Solana is now slipping down from the middle-point of the Caltoner channel, acting as a weak interim support with $ 170.53.
More and more, the sool price action is especially hugging the bottom half of the volatility envelope, and the upper cc resistance continues to be failed to recover the doubt over the speed of rapid speed in the $ 181.06 cast.
To add negative risk, Bitcoin value forecast todayWhereas there is a relatively stable, clear rapid speed of motion above $ 103,000. Altcoin, such as solana, is left in contact with volatility risks, without a strong speed of strong boom than BTC.
The volume delta trend further emphasizes sell-side pressure, with purchasing recent negative bars, suggests distribution rather than accumulation at these levels.
Whether Sol should lose support at $ 170.53, the next clear negative target emerges to the lower caeltoner band at $ 161.74.
A break below this level will confirm the reverse of a short -term slowdown, which will open the door from $ 145 to $ $ 150, especially if the macro feeling weakens or bitcoin stutters.
As long as Solana must have posted a decisive close to a decisive close to $ 175 with the bulls, with the volume, the bulls must create an opportunity to invalve the recession’s forecast.
Frequently asked questions (FAQs)
Solana fell 4% because the news broke that FTX would unstate and liquidate the property for payment of $ 5B creditor.
FTX plans to start paying with funds processed through Bitgo or Crackon within 1-3 commercial days on 30 May, 2025.
More than 1.4 million souls, the value of about 236 million dollars, was unteged – the price was slightly contributed to the dip.
Coyingop Staff
Coingape includes an experienced team of indigenous material writers and editors, who are working in a clock time to cover news globally and present news as a fact rather than an opinion. CoingPele writers and reporters contributed to this article.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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