Solana
Why Solana is down 1.7% today
Analysis
Solana (SOL) slipped about 1.7% over the past 24 hours amid renewed bearish positioning and liquidation concerns highlighted in recent coverage. AMBCrypto reported heavy downside pressure with liquidations and a sharp selloff pushing SOL toward key support levels, which likely kept sentiment fragile.
Contributing Factors (2)
Solana drops 15%, hits 2-year low: Can SOL bulls hold $70?
Solana whale was fully liquidated on its long position taking $16 million total loss.
$4mln Hyperliquid whale opens 3x SOL short – Trouble ahead for Solana?
Crowded long exposure leaves Solana vulnerable as bearish structure remains intact.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.