🔥 Solana Faces $111M Liquidation Risk — Can Bulls Defend $160? ⚠️

📉 Solana ( $SOL ) dropped 6% on May 19, triggering $24M in liquidations—80% from long positions. SOL plunged from $176 to $159, now hovering near $160. If the price dips below this, $111M in longs risk being wiped out, intensifying the sell-off.

🔍 A cascade of liquidations at $158 could push SOL to multi-week lows. However, a rebound to $164 would liquidate $139M in shorts, triggering a short squeeze and fresh bullish momentum.

📊 Coinglass data shows a long/short ratio of 0.89—lowest in over a month—indicating rising short interest. Funding rates have flipped negative, meaning short sellers are paying to stay in the trade, further increasing squeeze risk.

📈 For bulls, holding $160 is crucial. If SOL can reclaim $174, it could restart the climb to $200. But the RSI has dipped to 52—if it falls below 50, bearish momentum takes over.

🚨 The AO indicator has turned red; if it crosses below zero, SOL may slide to $133 support. Unless broader markets bounce or short-squeeze dynamics kick in, Solana could see further downside.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.