Solana drops 4.48% to $109.66 as $528M in liquidations hit the market
- —SOL fell 4.48% to $109.66, down 8.01% over seven days
- —Daily volume of $2.3 billion is 36.08% below the 30-day average
- —Market-wide liquidations hit $528 million in 24 hours, $359 million of them longs
- —Price sits below SMA-7, SMA-15 and SMA-30 but above SMA-50 and SMA-200
Why it matters: SOL's short-term weakness on thin volume makes the $107.85 support the key level for its medium-term bullish structure.
Source: DiarioBitcoin