Solana price falls to $125, then rallies 16% due to futures launch announcement

From Cointelegraph

February 28, 2025 2:30:00 pm:

Solana (SOL) price hits a low of $125 on Feb. 28 but rallies 16% after CME announces Solana futures launch on March 17, pending CFTC approval. Bears fail to keep SOL under $130, bullish divergence forms, BTC swing pattern fails. SOL eyes $143 close to validate bullish signal, resistance at $160. Token unlock event on March 1 may lead to short-term downward pressure, predicted to reach $110-$120. Investors brace for volatility as 11.2 million SOL enters circulation. Weighted unlock data shows 8% post-unlock decline historically. Trader expects SOL to find support at $125.

Read more at Cointelegraph: Solana rallies 16% after SOL RSI drops to 2023 low: Was that the bottom?