Crypto CRASH on Tuesday has set a global market cap to 9.3%, plummeting to $ 2,998,377,606, 377 for less than $ 3 trillion based on prestation time. Crypto’s flagship asset bitcoin (BTC) fell to $ 87,100 at the lowest level of UTC at 10 am, but most major CAP Altcoins followed roads such as XRP (XRP) and Solana (SOL).
Binance sells falls to Solana Price
In the case of Solana, the main frustration is caused by a rapid decrease in the trading volume of the layer -1 chain. SOLANA’s diversification financing (Defi) trading volume recorded the lowest annual $ 2.5 billion annual annual annual annual $ 2.5 billion on February 23, 2025. Along with the rapid decrease in the user on the network, Solana Price was captured at the minimum of $ 132 on Tuesday morning.
In addition, the 24-hour 24-hour trading volume $ 12,233,107,446 is not good news for $ 69B of Altcoin due to the continuous $ 69B of SOL-off of Binance. One of the world’s best encryption exchanges was found to be sales of transactions with prominent encryption market manufacturers, Wintermute.
As pointed out by the encryption emotional crypto beast, Solana Price, the encryption analysts speculated that Solana Price could face the momentum, which had fallen to $ 100. Meanwhile, other analysts are considering selling $ 2.2 billion in SOL sales regarding FTX Exchange bankruptcy.
Solana Price fits the cross of death
When Solana Price lost a $ 150 grip, an important support area held since October 18, 2024, a death pattern occurred on the chart. This weak signal for Solana prices is activated when the 50 -day moving average (MA) crosses below the 200 -day moving average (MA). In addition, the trend is weakened by negative values in two main metrics.
Since the price of Solana (SOL) remains less than $ 140, the BBP (Bull Bear Power) indicator is flashed at -63.86 to set a convincing password bear. Compared to the previous Solana Price Dips, this level is unprecedented since August 2024. During that period, the Layer -1 Altcoin was full back to $ 129 before returning to the main support area of $ 150 at the end of September.
on the other way
- Solana’s trading volume for the derivatives market has grew 182%over the last 24 hours and has increased the net volume of $ 25.35 billion.
- But the interest in the rupture speculative market for Solana’s price is up to $ 155 million in leverage Long Solana. location Within 24 hours.
Why this is important
Solana’s default Crypto Currency SOL is the top five Altcoin, with more than $ 100 billion in most global market cap this year.
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