Impact of Recent Long Liquidations Surge on Solana Price

Thursday, 4 April 2024, 04:03

Solana [SOL] experienced a significant increase in long liquidations on 2nd April, resulting in the coin's price dropping below $180 in a single trading session. The post investigates the potential effects of this surge on Solana's price recovery and evaluates the likelihood of memecoins influencing SOL's performance once more.
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Impact of Recent Long Liquidations Surge on Solana Price

Solana Price Recovery and Long Liquidations

Solana [SOL] observed a surge in long liquidations on 2nd April, causing its price to dip below $180 during that day's trading.

Investigating the Impact

The post delves into the potential implications of the recent surge in long liquidations on Solana's price recovery.

  • Conclusion: The community awaits whether memecoins can once again play a role in supporting SOL's price amidst market volatility.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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