Solana Price Faces $111M Long Liquidations Before $174 Retest – Key Levels to Watch

Quick Summary:

Out of these liquidations, 80% were long positions, and this caused a spike in selling activity, which fueled a decline in Solana price from an intraday high of $176 to a low of $159.

Solana (SOL) is on a steep downtrend today, May 19, amid a 6% decline that has caused $24M in total liquidations.

At press time, SOL trades at $160, and unless the trend reverts to bullish, more long positions risk closure, which may wipe out the gains made in the last one month.

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Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Solana Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 14:42:50 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 174 words

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Copyright Owner: © CoinGape

News ID: 28840704

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