🚨🚨🚨🚨$SOL price drop below 130$ 🚨🚨🚨
Solana's price dipped below the $130 psychological level, trading at $124.02, a 2.93% decrease in 24 hours.
• Technicals: The price is testing a critical support zone at $120-$122, with a neutral RSI of 48.7 but a bearish MACD signal.
• Market Pressure: The drop is linked to broader market weakness following a hawkish U.S. Federal Reserve stance and significant long position liquidations.
Driving Factors
• The price decline is largely attributed to market-wide weakness following a hawkish interest rate decision from the U.S. Federal Reserve, which has put pressure on risk assets.
• A significant liquidation event wiped out approximately $250 million in long positions, exacerbating the downward price movement.
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SOLUSDT
Perp
121.86
-1.38%
