Solana

In recent days, Solana’s price experienced a sharp recovery, reaching $152. This surge indicates a robust uptrend, with short positions being liquidated as the price continued to rise. The heatmap data highlights significant liquidation activity, suggesting that many traders were betting against Solana at this level. As the price climbed, these positions were forced to close, pushing the price higher. This has fueled speculation of a potential breakout if the uptrend persists.Currently, <a href="https://cryptotale.org/solana-labs-set-to-launch-second-smartphone-seeker-in-2025/" rel="noopener noreferrer nofollow">Solana</a> is nearing a resistance level at $153, where concentrated liquidation activity suggests strong market reactions. This level may serve as a short-term barrier, as traders with leveraged positions could face further liquidations. A break above $153 would likely lead to additional price increases, but failure to maintain this level might result in a pullback or consolidation. The market remains closely attuned to how Solana performs at this critical price point.Related: <a href="https://cryptotale.org/solana-price-drops-amid-centralization-and-market-concerns/" rel="noopener noreferrer nofollow">https://cryptotale.org/solana-price-drops-amid-centralization-and-market-concerns/</a><a href="https://cryptotale.org/solana-price-jumps-to-151-amid-strong-liquidation-activity/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Price Jumps to $151 Amid Strong Liquidation Activity

CryptoTale

Other articles published on Oct 14, 2024

Ethereum Price Today: Historic Trend Hints at $6,000 Target

Dogecoin Kembali! Alamat Aktif Tembus 133.880 dalam 8 Bulan

ZachXBT vs. Murad Mahmudov: Doxxing Debate Shakes Crypto Twitter

Nick Szabo, Len Sassaman, or Someone Else: Who is the Real Satoshi Nakamoto?

Revodexus.com Expands Globally to Bring Crypto Trading to a Broader Audience

BabyCate Announcement: New Listing on BiFinance

Join our free newsletter for daily crypto updates!