🚨 BinBit Liq Tape | Long Liquidation Alert
Solana recorded a significant $23.357K in long liquidations at $100.06, highlighting an important zone after leveraged buyers came under pressure. Traders should watch whether SOL can defend this area and establish a recovery structure.
Support: $98.50–$100.10
Resistance: $101.50–$103.00
Next Target: $104.50, followed by $106.00 if buyers regain momentum.
A sustained hold above support and a confirmed resistance breakout could trigger a rebound. If price breaks below support, further weakness may follow. Wait for confirmation from current price action and volume rather than assuming the liquidation event marks a bottom.
Keep exposure controlled and protect capital.
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