Solana marked a loss of over 2%, trading at $190.
SOL has witnessed a 24-hour liquidation of $20.30 million.
With many major assets trapped in a bearish phase, the crypto market is now eyeing a gradual recovery toward new highs. Ethereum, the largest altcoin, has slipped to the $3.2K mark, while Solana (SOL) shows a consistent downward movement.
Following the continued rejection, the altcoin has plunged below the critical $195 threshold, reflecting sturdy bearish momentum. Notably, SOL has registered a loss of over 2.25%. With a $92 billion market cap, Solana trades at $190.26.
The altcoin opened the day trading at $194.36, and the asset has mounted to a high of $195.36. Later, the Solana price sharply fell back to visit its former low of $182.32.
Concurrently, the market has witnessed $20.30 million in SOL liquidations over the past 24 hours, as per Coinglass data. The daily trading volume of the altcoin has reached $3.85 billion.
SOL has fallen nearly 10% in the pa
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