Farcaster

$2B Solana unlock incoming — Is it time to hold, short or sell SOL?
Solana (SOL) faces negative sentiment due to the LIBRA memecoin fiasco and an upcoming token unlock, which could add selling pressure. Analysts warn that major firms may sell their allocations, while some believe the market can absorb the impact. Short sellers are aggressively targeting SOL, with open interest rising. Losing $180 support could trigger further declines, and failure to reclaim $190 by Feb. 17 may signal a bearish trend. However, some argue that FUD is peaking, with potential catalysts like the Firedancer upgrade and a SOL ETF on the horizon.

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