$SOL Solana's price action shows some uncertainty, especially after the news that the Federal Reserve postponed the rate cut, the overall market sentiment has become more cautious. In the past 24 hours, the price of SOL has fallen by more than 9%, and the current trading price is around $118.20, falling below the previous key support level of $122.

One of the reasons for this decline is the market's concerns about the number of SOL tokens that FTX may hold. According to reports, FTX holds about 46.5 million SOL tokens, accounting for 8% of the total supply, and these tokens may trigger market selling pressure in the future. In addition, global economic uncertainty and geopolitical tensions have also had an adverse impact on the price of SOL. For example, the recent sharp drop in Bitcoin and the Federal Reserve's decision to postpone the rate cut have increased investor concerns.

Although the SOL price is currently low, some analysts believe that this may be a temporary sign of a pullback. Technical indicators show that SOL's RSI has entered the oversold zone, which usually indicates a potential rebound opportunity. However, the overall market trend remains bearish.