Solana Price Prediction: $59M Long Liquidations Drag SOL Below EMA Cluster

• Solana drops below both the 20 and 50-day EMAs as sellers force a 3.19% decline to $133.42 in a single session.
• Derivatives data shows $59.51 million in long liquidations over 24 hours while open interest drops 7.66%, signaling capitulation.
• RSI crashes to 19.13 on the 30-minute chart, marking deeply oversold conditions that may attract short-term bounce attempts

Solana price today trades near $133.42 after breaking below the 20 and 50-day EMA cluster in a sharp selloff. The move triggered a cascade of long liquidations, flushing leveraged positions that had accumulated during the recent range-bound action.

Long Liquidations Accelerate The Drop

Derivatives markets absorbed significant damage over the past 24 hours. According to Coinglass, $59.51 million in long positions were liquidated compared to just $1.42 millio…

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