$SOL Massive Liquidation Alert!

$SOL Long Position Liquidated: $197,000 wiped out at $256.40!

The crypto markets have just delivered another crushing blow to over-leveraged traders.

A swift price correction in Solana triggered this liquidation, marking one of the largest in recent trading hours.

What Happened?

Liquidation Type: Long

Value Liquidated: $197K

Trigger Price: $256.40

Market Action:

$SOL ’s price spike ran out of steam near critical resistance, causing a cascade of sell-offs.

Whales and market makers may have pushed the price to these levels to hunt leveraged positions.

Why it Matters:

This liquidation underscores the risks of high-leverage trading, especially in volatile markets like Solana.

While SOL has been rallying, these sharp corrections highlight the importance of risk management.

Technical Overview:

Support Levels: $250, $240

Resistance Levels: $265, $275

Traders are closely watching $250 as the next critical support level.

What’s Next?

The bulls need to regroup quickly, or we could see further downside, exposing more leveraged positions to liquidation.

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