Solana falls 4%, hovering around $220.
$50.9M in liquidations hit the SOL market.
Today, the crypto market cap has posted a slip of 2.23%, falling to $4.16 trillion. Followed by this, the broader market sentiment is now neutral, with the Fear and Greed Index reading settled at 55. All the major assets have lost momentum, visiting their recent lows, including Bitcoin (BTC) and Ethereum (ETH). Among the altcoins, Solana (SOL) has steadily dropped 4.58% in the last 24 hours.
The bulls were present in the SOL market in the morning hours, and the price traded at around $231.57. As the potential bears stepped in, the asset bottomed to the $218.18 range. At the time of writing, Solana traded within the $220.22 mark. Meanwhile, the daily trading volume is up by over 24%, reaching $9.2 billion. As per Coinglass data, the market has experienced a 24-hour liquidation of $50.90 million worth of SOL.
The ongoing bearish correction could push the price down to its key support ran
We współpracy z: https://thenewscrypto.com/solana-sol-faces-pressure-how-low-could-it-fall-this-week/
