⚠️ Alert for cryptocurrency followers: A week full of risks and potential liquidations!
According to writer Nhat Hoang's report on BeInCrypto, the third week of August is witnessing significant pressure on some altcoins:
1️⃣ Solana (SOL)
If the price rises above $200, short positions may face massive liquidations exceeding $1.1 billion.
If the price drops to $161, long positions may face liquidations worth $646 million.
Some analysts expect the price to drop below $170 and then quickly rebound above $200.
2️⃣ Dogecoin (DOGE)
News related to the launch of a new ETF is increasing market interest.
A price drop below $0.20 = liquidation of $176 million from long positions.
A price rise to $0.26 = liquidation of $290 million from short positions.
The market suggests a possibility of medium-term upward movement.
3️⃣ Chainlink (LINK)
The situation is balanced between short and long positions.
If the price falls below $22 = liquidation of $85 million from long positions.
If the price rises above $27 = liquidation of $85 million from short positions.
📊 Summary: The market is very volatile, and any strong price movement could cause a wave of massive liquidations.
Cryptocurrency followers, be sure to carefully set your stop-loss points.
