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Solana price in danger zone: FTX's $23M SOL liquidation offsets US CPI and PPI gains

Solana’s price is dipping 5% on Thursday as bears forced another breakdown below the critical $125 support. The timing of the decline coincided with large amounts of SOL being unstaked in preparation for FTX creditor payouts, reinforcing bearish sentiment. 

Solana’s price action over the past 24 hours has been underwhelming. Despite a 0.26% increase in the aggregate crypto market cap on Thursday, Solana, Bitcoin (BTC) and Ethereum (ETH) were among the top-ranked assets with mild losses.

The chart above illustrates how SOL initially rallied 17.3% on Wednesday, reclaiming ground above $131 before sentiment suddenly turned bearish, triggering a sharp pullback.

Solana price in danger zone: FTX's $23M SOL liquidation offsets US CPI and PPI gains

Solana’s price is dipping 5% on Thursday as bears forced another breakdown below the critical $125 support. The timing of the decline coincided with large amounts of SOL being unstaked in preparation for FTX creditor payouts, reinforcing bearish sentiment. 

Solana’s price action over the past 24 hours has been underwhelming. Despite a 0.26% increase in the aggregate crypto market cap on Thursday, Solana, Bitcoin (BTC) and Ethereum (ETH) were among the top-ranked assets with mild losses.

The chart above illustrates how SOL initially rallied 17.3% on Wednesday, reclaiming ground above $131 before sentiment suddenly turned bearish, triggering a sharp pullback.

https://www.fxstreet.com/cryptocurrencies/news/solana-price-in-danger-zone-ftxs-23m-sol-liquidation-offsets-us-cpi-and-ppi-gains-202503131734