Recent fluctuations in the crypto currency market affected the price (left). For about a month, it has been above $ 150, and has fell under this psychological threshold as of today. This decline attracted attention in the markets, while the price movements were reported to be a Long Squeeze of about $ 50 million.
Role of long positions in price decrease
According to market experts, the most important factor in the price decline in Solana was a market movement called Long Squeeze. Long positions of about $ 50 million were liquidated. This development increased sales pressure and caused the price to go below $ 150. Experts point out that the closure of this size positions can naturally create downward pressure on the solea price.
Long Squeeze causes investors to close long positions with the expectation that the price will increase. There is a similar process in this event. Market observers say that these liquidations have reached a total of $ 50 million.
Support levels and possible scenarios
Analysts draw attention to the importance of certain support levels in the solana price. Especially the $ 140 level stands out as a critical threshold. If price movements continue to this level, some market commentators think that a new rise movement can begin.
Testing the power of buyers at such support levels can often be effective in determining a new aspect in the market. It is foreseen that holding over the $ 140 level can pave the way for a potential rise.
Analysts’ expectations
According to some market analysts, existing sales pressure and liquidations in long positions may turn into an opportunity for long -term investors. Analysts predict that Solana can move upwards again if the price returns to $ 140 support.
An analyst shared the following opinion: “A Long Squeeze of this size leads to a short -term decrease in the price of Solana, but the testing of the critical support level can trigger a new rise movement.”
On the other hand, in the event of a downward break of 140 dollars, the new bottom levels may come to the agenda is also expressed by some experts. Investors are particularly recommended to pay attention to volatility and support-reasons points.
In the general uncertainty environment in crypto money markets, it is recommended to closely monitor price movements. Together with the latest developments, there are evaluations that have the potential to continue fluctuations in the short term. In addition, it is suggested that the sales pressure after liquidations can create new opportunities in the medium and long term in Solana.
The price of Solana (left) has declined below the $ 150 level, which has been protected for about a month, and the basis of this movement was shared that there was a long position liquidation of approximately $ 50 million. According to experts, the level of $ 140 is seen as an important support, and the reaction of the price at this level may be decisive in the direction of the price in the coming period. It is evaluated that the sales edition seen after liquidation can lead to new purchasing opportunities in the market by testing critical supports.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
