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2024/08/11 16:08

Solana liquidations hint at further downside run

Solana liquidations According to Coinglass’ liquidation heatmap data, there is a huge Solana pool of liquidation worth $5.96 million just below the $153.95 support, specifically around the $150 price level.

This increases the probability of breaching $153.95 in support. The huge pool may tend to cause additional forced selling by aiming to trigger some stops, thereby pushing Solana prices further down. 

It also has noteworthy liquidation pools above level 153.95, which can offer support and even cause upward momentum if SOL bulls gain control at further downside runBinance-SOL_USDT-Liquidation-Heatmap24-hour-2024-08-10_16_32_28-768x453.png
According to Coinglass’ liquidation heatmap data, there is a huge Solana pool of liquidation worth $5.96 million just below the $153.95 support, specifically around the $150 price level.

This increases the probability of breaching $153.95 in support. The huge pool may tend to cause additional forced selling by aiming to trigger some stops, thereby pushing Solana prices further down. 

It also has noteworthy liquidation pools above level 153.95, which can offer support and even cause upward momentum if SOL bulls gain controllong_short-ratio-Sol-10-768x202.jpg

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