Solana Fades Short-Term Bullish Momentum Amid Liquidations
Solana's short-term bullish momentum has faded as long positions on SOL are being liquidated, warns Joao Wedson in his latest analysis.
This means that market participants who were holding onto their Solana positions with the expectation of a price increase are now facing losses due to these liquidations.
According to Wedson, this increased volatility could lead to further price fluctuations in the coming days.