(SOLUSD) Crypto Market Liquidations Top $330 Million in 24 Hours

Crypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum

As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline.

**Over 78,000 Traders Liquidated for $330 Million**

Data from Coinglass reveals that the last 24 hours have been particularly harsh for crypto traders. More than 78,000 traders saw their positions liquidated, resulting in substantial losses totaling $330 million.

Of this amount, 81.42%—equivalent to $268.76 million—came from short traders, while long traders accounted for $61.31 million in liquidations.

Technically:
The price is expected to test the support zone at 169.70 before pushing up again to reach the resistance zone at 192.72. Solana's price is likely to consolidate between 169.70 and 192.72 this week until a breakout occurs.

Despite the consolidation, bullish pressure remains, aiming for 192.72 and 202.50.

Long-Term Scenarios:

Bullish Scenario:

• A breakout above 202.51 will initiate a new bullish phase, targeting 226.00 as the first bullish milestone.
  
  Bearish Scenario:
  
• Breaking below the support zone between 169.70 and 159.00 will lead to a drop towards 141.84 and potentially 126.00.
  
  Pivot Price: 179.20
  Resistance Price: 192.72, 202.51, 226.42
  Support Line: 169.70, 158.50, 142.50
  
  The Movement range will be between Resistance 19272 and Support 169.70

Trade active:

The price corrected to their support line we mentioned 169.700 and can stabilized above it, so it tries to continue the bullish direction by the stability above 169.700