Will Solana Price Hold 18% Gains As $25M Liquidations Raise Concerns

Quick Summary:

Solana price surged 18% testing resistance at $140 amid a broader market turn around in the wake of Monday chaos.

Sentiment had improved slightly, but it might not be enough to sustain the price increase, especially with liquidations in the futures market still raising concerns.

After recouping losses from an extended candle wick at $110, the bulls took out a minor hurdle at $130 but stalled at $140.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: SOL Solana Solana Price Analysis Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 13:57:34 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 21957697

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