Solana Price Plummets on FTX payout
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Solana price plungesCoinGape
•Business
Business & Economics
Solana Price Forecast: Key Levels to Watch as FTX $5B Payout Sparks 4% SOL Price Dip
68% Informative
Solana price plunges 4% to hit $ 169 on Friday , amid reports FTX will distribute $ 5B in digital assets to creditors starting May 30 .
Over 1.4M SOL was unstaked this week , worth $ 236M —likely part of FTX ’s planned asset liquidation.
Bitcoin 's stability above $100 K and ETF optimism could support Solana if bullish demand returns in coming days .
Solana must post a decisive close above $175 with accompanying volume to invalidate the bearish forecast.
The next clear downside target emerges at $ 161.74 to the lower Keltner band.
A break below this level would confirm a short-term bearish reversal, opening the door to $ 145 to $ 150 .
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