Solana’s Bull Run Stumbles: $25 Million Liquidated After 7% Price Drop

Solana’s recent price surge has been abruptly halted, with a 7% drop pushing the price below the crucial $175 support level. This decline triggered over $25 million in liquidations, highlighting the volatility in the market. Technical indicators like the MACD suggest that the bullish momentum is waning, making the $161 support level critical for preventing further declines. If Solana fails to hold this level, it could face further selling pressure, potentially leading to deeper losses.