$SOL Long Liquidation Alert

Coin: $SOL

Liquidation Value: $1.7234K

Price Level: $215.43

Here’s a detailed breakdown of this SOL liquidation event:

Price Action: SOL faced selling pressure, dropping below the key support level of $216, triggering a long liquidation worth $1.7234K at $215.43. This move reflects a temporary bearish correction in an otherwise bullish trend.

Volume Activity: Trading volume spiked by 12%, indicating increased participation as the price dipped. Liquidations have added fuel to the selling momentum.

Market Sentiment: Sentiment is cautiously bearish in the short term, with traders focusing on the critical support at $215. Bulls need to reclaim $216 to avoid further downside risks.

Opportunity for Traders:

If SOL holds the $215 level, it could present a buy-the-dip opportunity, targeting $217 and $220.

A sustained drop below $215 could lead to further declines, with $212 as the next support zone.

Key Insight: This liquidation highlights a potential pause in SOL’s bullish run. Bulls must defend $215 to maintain upward momentum, while bears may aim to push the price lower.

Price Targets:

Upside Potential: Recovery to $217 - $220

Risk Zone: Below $215, potential drop toward $212

SOL traders, stay vigilant—this pivotal zone could determine the next major move!

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