Solana’s $160 Crash: Is This the Ultimate Buy Opportunity or the Beginning of the End?
SOL dump pressures Solana’s key on-chain levels
The sell-off has dragged Solana into a critical support zone. However, with perp positioning still long-heavy and macro flows risk-off, the $160 level remains technically exposed.
Plus, with $17.9 million in long liquidations already cleared, this could just be phase one of a broader flush. Unless Open Interest resets or strong spot bids step in, Binance may keep leaning into the sell-side.
Solana’s URPD chart highlights a notable cluster of realized price density between $140 and $150, meaning a large amount of SOL was last moved (and therefore likely accumulated) in this range.
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