Solana (SOL) Unstaking Surges 150% — Rising Liquid Supply Opens Price Path to $65?
Solana's unstaking surged 150%, increasing liquid supply amid weakening technical support, potentially opening a path toward a $65 price target.Summary
Solana (SOL) is facing increased downside risk as its price trades under pressure within a descending channel, down nearly 30% in 30 days. This technical weakness is compounded by negative on-chain signals: net staking activity has collapsed, with unstaking surging approximately 150% in two weeks, releasing more SOL into liquid circulation. Concurrently, exchange buying has slowed, indicated by a drop in net outflows, while short-term speculative traders are increasing their exposure, suggesting potential quick selling. If the current channel support near $96 fails, technical projections suggest a downside target toward $67, with a deeper move potentially reaching $65, especially if long-term accumulation does not resume.
(Source：BeInCrypto)