Over $33M in Solana short positions liquidated as SOL nears $95
5 Articles
5 Articles
The price of Solana today rises by 4.22% and stands at 99.79 dollars, its highest level in months.The volume of trading is skyrocketing to 9.460 million dollars, 41% above its recent average.SOL accumulates 23.4% in the last seven days and leads the recovery of the crypt market.The market capitalization is around 54.3 billion dollars.What is behind the jump of SOL The main catalyst is a short squeeze. Investors who had borrowed SOL to sell it wa…
According to ChainCatcher, CoinGlass data shows that $514 million in positions were liquidated across the network in the past hour, including $441 million in long positions and $72.823 million in short positions. Long positions accounted for over 85% of the total liquidations.
Solana Crosses $94, but $5.8B Is Still on the Line
Solana clears major technical levels The daily SOL/USD chart shows a reversal from the $74 area, which coincides with the 0.382 Fibonacci retracement. From there, Solana reclaimed its 50-day ($77) and 100-day ($76) moving averages, then moved above the 200-day average at $81. That opened the way to $83 and, ultimately, the psychological $90 level. SOL broke above the $90 resistance and reached $102 before pulling back to around $94. The rejectio…
Over $33M in Solana short positions liquidated as SOL nears $95
The liquidation of Solana shorts highlights the volatility and risk in crypto markets, emphasizing the need for cautious leverage management. The post Over $33M in Solana short positions liquidated as SOL nears $95 appeared first on Crypto Briefing.
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