Solana (SOL) Hits 2.5-Year Low, $88 Million in Long Positions Liquidated

Solana (SOL) has fallen to its lowest level in 2.5 years in recent trading, alarming investors. The cryptocurrency continued to lose value amid selling pressure in the market, with approximately $88 million in long positions reportedly liquidated following the decline. This indicates a reversal of speculative expectations regarding Solana's price movements. According to market data, this sharp drop in Solana has particularly affected leveraged traders. The liquidation of long positions further dragged down the price, while trading volume saw a notable increase. Analysts note that such large-scale liquidations could increase volatility in the short term. Solana's current level marks a significant decline compared to its past peaks. The overall downtrend in the cryptocurrency market and macroeconomic uncertainties are complicating Solana's recovery efforts. Investors are closely watching whether the price will test support levels in the coming days. This is not investment advice.

📊 SOL — Piyasa Yorumu

▼ down · 70%

Solana has fallen to its lowest level in 2.5 years, indicating a strong downtrend. The liquidation of $88 million in long positions points to increasing selling pressure in the market and weakening investor confidence. Technical indicators support this outlook: the RSI at 44.6 is below the neutral zone, the MACD line is below the signal line and in negative territory, and the price is trading below the SMA20 and SMA50. While a short-term recovery is unlikely, the risk of further decline remains as the asset has not yet entered oversold territory.

RSI 14

44.6

MACD

-1.39

24h Δ

-6.26%

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