$SOL Liquidation Alert

A long liquidation of $5.4178K occurred at $216.71, indicating potential bearish pressure on $SOL.

What Does This Mean?

Long traders were forced to exit positions as the price declined, suggesting weakening bullish momentum. The $216.71 level now serves as a potential resistance point, and further downside could follow if the price fails to reclaim higher levels.

Key Takeaways:

$216.71 is a critical resistance level, potentially capping immediate upward movement.

If additional long liquidations occur, selling pressure could drive $SOL lower.

$SOL may face a downturn—monitor key support zones for potential price action.

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