Despite a potential selling pressure due to an upcoming unlock event releasing 524,030 SOL worth $81.56 million between October 1st and 7th, Solana's price shows signs of bullish momentum. A growing Total Value Locked (TVL), positive on-chain metrics, and technical analysis suggest a potential rally towards resistance levels.
dashboard shared data showing that 524,030 SOL , worth $81.56 million, are set to be unlocked and released into the circulating supply between the 1st and the 7th of October.Following this report, there is a strong possibility that SOL could experience a selling pressure and price decline in the coming days.
According to AMBCrypto’s technical analysis, SOL was in an uptrend as it was trading above the 200 Exponential Moving Average on a daily time frame.
SOL Solana Cryptocurrency Price Analysis Unlock Event Bullish Technical Indicators TVL On-Chain Metrics
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