A massive $47.98K in long positions has been liquidated at $141.55, shaking the market! Solana traders were caught off guard as heavy selling pressure triggered a liquidation cascade.
📉 What’s Happening?
Solana saw a sharp rejection at resistance, leading to forced liquidations.
High leverage traders were wiped out, adding fuel to the downtrend.
Liquidity zones suggest possible further downside if bulls don’t step in.
Key Levels to Watch:
Support: $138 – If this breaks, expect a dive to $130.
Resistance: $145 – Bulls need to reclaim this level for a reversal.
Buy or Sell? • SELL if price fails to hold above $138 – Downtrend continuation expected. • BUY only if it reclaims $145 with strong volume – Potential reversal.
Stay cautious! Solana volatility is high. Trade smart!