$SOL Long Liquidation: $62.2K at $223.82

A $62.2K long position on Solana (SOL) was liquidated at $223.82, revealing heavy sell pressure and a potential shift in trend.

This liquidation marks a critical moment, suggesting that bullish momentum might be weakening.

Market Insight:

The failure to maintain support above $225 is a sign that bears could be taking over.

Such a large liquidation often triggers further downward movement, potentially pushing prices lower.

What’s Next for $SOL ?

• Support Level: $220 is the immediate support to watch. If it holds, a recovery could be possible.

• Next Target: If $220 breaks, SOL could test $215.

• Resistance Zone: If the price moves back up, $230 may act as a resistance point.

Strategy for Traders:

Short-term traders can consider shorting rallies near resistance levels.

Those waiting for a reversal should watch for solid support at $220 before considering a long position.

$SOL is facing a critical moment—watch the price action closely for signs of the next move!

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