Solana Drops to $72.55 — $16M in Longs Wiped Out in 24 Hours!
Solana is trading near $72.55, down 1.47% today. SOL has now recorded ten consecutive months of red candles — the longest losing streak in its history.
Liquidation Alert: Over **$16 million** in SOL long positions were liquidated on August 3 — the largest single-day long squeeze in nearly a month. Short liquidations were just $187K, making longs 85 times larger.
Technical View: SOL is trading below every major moving average. The 200-period SMA at $76.79 is the strongest overhead resistance.
The Bright Side: Solana spot ETFs continue to see modest inflows, and the Alpenglow upgrade is approaching. RWA tokenization on Solana hit $3.62B in H1 2026.
Key Level: Support at $70**; resistance at **$75.
Takeaway: SOL is oversold (RSI near 29) — but oversold is a state, not a trigger!
$SOL
#Solana #SOL #Liquidation #Alpenglow #Altcoins
Solana is trading near $72.55, down 1.47% today. SOL has now recorded ten consecutive months of red candles — the longest losing streak in its history.
Liquidation Alert: Over **$16 million** in SOL long positions were liquidated on August 3 — the largest single-day long squeeze in nearly a month. Short liquidations were just $187K, making longs 85 times larger.
Technical View: SOL is trading below every major moving average. The 200-period SMA at $76.79 is the strongest overhead resistance.
The Bright Side: Solana spot ETFs continue to see modest inflows, and the Alpenglow upgrade is approaching. RWA tokenization on Solana hit $3.62B in H1 2026.
Key Level: Support at $70**; resistance at **$75.
Takeaway: SOL is oversold (RSI near 29) — but oversold is a state, not a trigger!
$SOL
#Solana #SOL #Liquidation #Alpenglow #Altcoins