Solana

Million

THORChain

Billion

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/thorchain-and-solana-face-liquidation-risk-how-low-might-the-sol-and-rune-price-go/">THORChain And Solana Face Liquidation Risk: How Low Might The SOL And RUNE Price Go?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>The crypto space has recorded a significant correction of over 3% within the past day, indicating a possible condition of pump-and-dump as the market had recorded another jump in its value the day prior to it.</p>
<p>CryptoSoulz, a well-known technical analyst with a substantial followers of over 42K on the “X” platform, has recently posted a tweet, explaining the possibilities of liquidation levels to keep in consideration for the future.&nbsp;</p>
<h2 class="wp-block-heading" id="h-rune-price-analysis">RUNE Price Analysis:</h2>
<p>THORChain price was seen trading in a consolidated range for a brief period, following which the price gained over 40% during the market pump. After that, the price has been hovering around the same range as the market faces a decline in its price action.</p>
<p>The RUNE token has more than $70 Million in long-term liquidation. Further, the chart displays a strong green DELTA, suggesting the price to undergo a short in the coming time. The RUNE price had gained massive attention, following the market pump, as the coin had added over 40% to its portfolio during that time.&nbsp;</p>
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   <p lang="en" dir="ltr">3. <a href="https://twitter.com/search?q=%24RUNE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RUNE</a> LIQUIDATION LEVEL analysis:<br><br>– More than 70M in futures liquidations. Green DELTA, means confluence to short.<br><br>– More than 1M in Liquidation profile between 2.75$ and 2.65$ (support)<br><br>– PA and MS is bearish. There's more liquidity below than above, at current price. <a href="https://t.co/48j9hI5h35" rel="noopener noreferrer nofollow">pic.twitter.com/48j9hI5h35</a></p>— CryptoSoulz (@SoulzBTC) <a href="https://twitter.com/SoulzBTC/status/1720056052849295694?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 2, 2023</a>
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<p>Moreover, RUNE has more than $1 Million in its liquidation profile between $2.65 and $2.75. At the time of publishing, the price of THORChain was $2.88. If the price continues to dip and fall around the range, it may experience a significant selloff in its value.&nbsp;</p>
<p>Further, the technical indicators point towards bearish. The analyst suggests that the coin will experience more liquidity below than it could above, keeping the present market sentiments into consideration.</p>
<h2 class="wp-block-heading" id="solana-price-analysis">Solana Price Analysis:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana price</a> has displayed significant price action during the previous month as the coin has added over 68% in value, making it one of the best performers of the month. Following the preceding SBF trials, the SOL token gained massive attention, and FTT has a major holding in this.&nbsp;</p>
<p>CryptoSoulz has recently shared an analysis of Solana, where the analyst has highlighted its liquidation levels. Solana presently has over $3 Billion in Futures-long liquidation. Further, the token has 40M+ worth of long liquidation at $40.</p>
<p>The price was seen hovering close to this level, but recently, the price experienced a price drop of over 10%, resulting in the price falling below the $40 mark and losing momentum.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/9xQTAyIVD38pYjJ1VwS1Ss11uVvBXgkAdtPNiIFGE-oOMHqO2aGptDBFmy9J_E_Aw6DakyyQAENlPx3OH-hg7mI-x4JTzHvD8kHcKFW0nO9DF270M2WXLHnnJ9vcIxWitoDY72kHeaaDY7mQwpOdXnROQIvzqlf9ZzK5pF4NP1jXyrFIrczQ9jFCrjtObw" alt="">
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<p>The analyst further predicts the $47 to be the local top, following which the coin is expected to experience a short in its value. Solana has recorded a yearly high of $44.78, after which the price underwent correction.&nbsp;</p>
<p>CryptoSoulz expects the coins to experience a liquidation in their values before testing for a rebound in the coming time, which may lead to a new ATH overall.</p>

THORChain And Solana Face Liquidation Risk: How Low Might The SOL And RUNE Price Go?

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