Solana (SOL) Hits Lowest Level in 2.5 Years as $88 Million in Longs Get Liquidated

SOL

SOL/USDT

$120.68

-0.25%

$120.68

-0.25%

(24s)

24h Volume

$4,283,346,226.55

24h H/L

$122.94 / $118.27

Change: $4.67 (3.95%)

Long/Short

63.2%

Long: 63.2%Short: 36.8%

Funding Rate

-0.0041%

Shorts pay

Data provided by COINOTAG DATALive data

Solana

Daily

$120.54

▼ -1.32%

Volume (24h): -

Resistance Levels

Resistance 3$137.755

Resistance 2$124.2409

Resistance 1$120.5521

Price$120.54

Support 1$120.3167

Support 2$116.8807

Support 3$113.2367

Pivot (PP):$120.3167

Trend:Uptrend

RSI (14):66.8

BeInCrypto Editorial

(12:24 PM UTC)

1 min read

Verified bySarah Chen

0 comments

Solana (SOL) dropped to its lowest price since December 2023 this week, sliding toward $68 as more than $88 million in leveraged positions were wiped out across the market.

Long traders absorbed almost all of the damage. On-chain activity and social interest had been weakening for months before the breakdown, which suggests the selloff reflected fading demand rather than a single shock.