CandleFocus Solana Price Tumbles to 2-Month Low, Triggers $21 Million in Long Liquidations
2025-01-14
Author: Content Editor
Solana (SOL) experienced a significant drop to a two-month low, following the overall downturn in the cryptocurrency market led by Bitcoin. The price has since recovered slightly, but the impact is still notable, with over $21 million in long liquidations in the past 24 hours. Long positions in the SOL futures market remain at risk due to the strengthening bearish pressure. The total liquidations in the Solana market reached $25.48 million, with long liquidations accounting for $21.38 million and short liquidations totaling $4.10 million. The declining open interest and potential resistance level at $188.96 indicate that SOL may struggle to break above this level unless bullish sentiment strengthens.
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