Solana and Dogecoin Face Pressure as $250M Token Unlocks Begin

Solana’s $61.83 million unlock places pressure on support near $130 as RSI remains weak and downward momentum continues.

Dogecoin risks slipping below $0.145 amid a $14.69 million unlock and bearish signals from all major moving averages.

Market sentiment remains fragile with rising supply, making key price supports in SOL and DOGE vulnerable to further downside.

More than $250 million worth of cryptocurrencies are scheduled to be unlocked in the coming week, with Solana (SOL) and Dogecoin (DOGE) drawing the most attention. According to Tokenomist and WuBlockchain, these linear unlocks could significantly impact market behavior due to both assets’ current price structures and bearish technical signals.

Solana is set to unlock tokens valued at $61.83 million, equivalent to 465,770 SOL. The asset is currently trading near $134, which is just above a crucial support range around $130. Price action has already slipped beneath the 200-day exponential moving average, and technical momentum remains weak. With the relative strength index (RSI) hovering in the low 30s, the asset shows signs of limited buying interest. Any further drop could pull SOL into the $120 range unless price recovery exceeds the $150 mark.

Dogecoin’s $14.69 Million Unlock Comes at a Critical Price Level

Dogecoin will release 95.89 million tokens valued at $14.69 million, a figure that arrives as the asset trades just above a key support zone at $0.145. Technical indicators show the 50, 100, and 200 EMAs all resting above the current price, reflecting an ongoing downward trend. The RSI stands near 31, suggesting an oversold state, but market conditions have not yet supported a meaningful reversal. If the support breaks, the price may revisit levels near $0.12.

AVAX is also due for a token unlock of $11.65 million. However, market focus remains on DOGE and SOL due to their technical vulnerability. Analysts note that while these unlocks are known in advance and potentially priced in, weak sentiment amplifies the downside risk. Market liquidity and buyer strength are lacking, which could lead to sharper declines if trading volumes do not rise in response.

With low confidence across the crypto market, increased token circulation could drive volatility in the short term. The coming days may test the strength of key support levels. Monitoring volume trends and price reaction will be essential as these unlocks roll out.

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