$SOL #sol just flushed the longs.
Around 9.69K dollars in long positions were liquidated at 79.81. Traders expecting upside got caught as price dipped, triggering forced selling and adding extra pressure to the move. Long liquidations like this usually strengthen short term bearish momentum.
Now the 79.5 to 80 zone is important.
If SOL holds above this area, it could stabilize and attempt a bounce toward 81 to 82. But if price slips below 79.5, the next support sits near 78.5 to 78, where sellers could push further.
Short term momentum favors the downside, but the reaction around 79 will decide whether this turns into a deeper pullback or just a quick shakeout before recovery.
SOL
77.27
-2.37%