Compass Investments

– Solana price falls 6.21% : $14.98 million liquidated in 24 hours The Solana price fell 6.21% , $14.98 million liquidated;

Trading volume fell 41.27% , indicating a decrease in market activity;

DOGE and XRP also showed a similar liquidation pattern, reflecting more

The Solana price fell 6.21% in the last 24 hours, bringing the total liquidation value of the asset to $14.98 million.

This happened after the first hours of the day, when the price of Solana approached USD 270 and then fell.

According to CoinGlass, long traders were the hardest hit, liquidating USD 11.4 million in long positions. The number of long traders who were hit the hardest by the crisis was 11.4 million USD.

This indicates that many traders were betting on Solana’s continued growth but faced a decline. On the contrary, short positions were liquidated by US$3.57 million.

In addition to the price drop, the trading volume of Solana also decreased by 41.27% to US$5.47 billion. This indicates a slowdown in market activity around Solana and a decrease in trading volumes.

According to Coinmarketcap, Solana’s price has fluctuated between US$246.79 and US$269.81 over the past 24 hours to US$253.87 at the time of writing.

price movement indicates volatility, but may find support if buyer interest returns.

Solana wasn’t the only asset facing liquidation: Dogecoin (DOGE) liquidation totaled $7.29 million, with long traders accounting for the majority of the liquidation.

DOGE prices fell 3.8% over the same period; XRP followed a similar pattern, with liquidations totaling $4.17 million, and Dogwifhat (WIF) liquidations totaling $4.44 million.

With prices falling and trading volumes declining, Solan is experiencing a period of uncertainty.

The asset price has now settled at $247.95, but it remains to be seen whether the market will stabilize or face further volatility.

Multiple Asset Liquidation Trends have highlighted the volatility in the cryptocurrency market, with long positions bearing the brunt of the recent losses.As always, traders are watching the broader market for signs of recovery.

the Solana network’s recent launch of the TRUMP Official Memcoin (TRUMP) has led to a surge in decentralized exchange (DEX) volumes, with monthly trading volume exceeding $200 billion.

This unprecedented event for other networks has helped push the Solana price above recent consolidation levels. This helped push it higher.

However, bearish pressure soon limited the upside, suggesting that the sluggish trend may continue.

Solana prices tested the US$270 resistance point for the fifth time in recent days, indicating that bulls are looking to break this barrier. This indicates that the bulls are eager to break this barrier. However, lack of volume has muted the momentum and technical indicators point to a possible continuation of the bearish trend.