The cryptocurrency market is on fire and #solana (SOL) is back in the spotlight, but this time not for good news. After several weeks of gains, the trend changed abruptly, and now the price is approaching levels that many did not expect to see so quickly.
In a matter of days, SOL went from $188 to the $160 zone, a drop that raised alarms among traders and analysts alike.
💥 Movements that do not go unnoticed
The recent transfer of Binance of 110,000 SOL to Wintermute, a key player in institutional operations, sparked speculation. Such movements often precede decisions that impact the market, and this time was no exception:
👉 On August 1st, long position liquidations reached $46 million, a blow that shook the most leveraged.
📊 Ethereum is also feeling the pressure
Not only SOL is suffering. #Ethereum (ETH) broke the support of $3,650, and its current price is around $3,600. If it fails to recover, analysts see the next key point as $3,520.
✅ Our suggestions
Keep stop losses active: in such a volatile market, they are essential to avoid larger losses.
Do not over-leverage: excessive leverage is what left millions in liquidations.
Wait for confirmations: before entering aggressive buys, watch for real signs of recovery.
🧠 Conclusion
The outlook remains uncertain, but this volatility also brings opportunities.
If SOL strongly recovers the $170 and ETH manages to hold $3,600, we could see an interesting bounce.
However, if these levels do not hold, we must be prepared for more declines.
Tell me in the comments, how do you see the outlook?
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