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After plummeting to its 2025 lows, Solana’s price has entered a recovery phase, increasing by 16%. This rebound follows the announcement that the Chicago Mercantile Exchange will launch Solana 
$125 futures on March 17. However, it is noted that this product is still pending approval from the CFTC.
Price Movements and Technical Indicators
Since February 24, Solana’s price has experienced continuous declines, with the RSI indicators entering the oversold territory. Technical analysis indicates a notable bullish signal forming in the price movements. During the same period, a failure was observed in the swing pattern on Bitcoin 
$84,699‘s daily chart.
Market participants emphasize the need to closely monitor technical levels and RSI signals. It is noted that a close above the $143 level could provide a positive confirmation.
Charts suggest that breaching the $160 resistance could solidify the current low levels. However, short-term fluctuations are still anticipated.
Token Unlocking and Market Impacts
At the beginning of March, Solana token unlockings are expected, with around 11.2 million SOL entering circulation. This is projected to increase the market’s total value by 2.84%. Investors express concerns that this may exert downward pressure on prices in the short term.
Keyrock Trading: “Medium-scale token unlockings typically observe an average decline of 8%.”
Investors should closely monitor support and resistance levels in light of market data. Analysts recommend a cautious approach, relying on technical indicators and signs of recovery. This situation may enable those tracking the market to develop data-driven strategies.
