Solana took a 5% hit, now trading around $161.
A sharp $23.90M in liquidations has shaken the SOL market.
The brief bearish shift within the crypto market triggers the assets to retrace to their recent lows. With the fear and greed index value holding around 71, the overall sentiment is greed. Bitcoin trades near $103K, while Ethereum hovers around $2.4K. Meanwhile, Solana (SOL) has registered a solid loss of over 5.60% in the last 24 hours.
Solana can enter the recovery zone after testing its crucial resistance levels between the $175.38 and $184 range. The altcoin kicked off the day trading at a high of $176.49, and later, the mighty bears stepped in, pulling SOL toward the bottom of $159.65.
At the time of writing, Solana traded around the $161.79 level, with its market cap reaching $84.18 billion. Also, the daily trading volume has increased by over 129%, touching $5.26 billion. Furthermore, as per Coinglass data, the Solana market has witnessed a 24-hour liquid
We współpracy z: https://thenewscrypto.com/bear-pressure-mounts-on-solana-will-160-hold/
