The cryptography market shows a slight sales pressure this Sunday, with more than $ 131 million in liquidations in the last 24 hours, according to Coinglass. This follows a week’s sale motivated by taking profits and macroeconomic uncertainty. Solana (soil) reflected this trend, sliding for four consecutive days, against a June 11 summit of $ 168 to test the level of key support of $ 140 on June 13.
This $ 140 support turned out to be important – Sol bounced it during the Friday market scale, which saw more than a billion dollars in cryptographic liquidations. Crypto analyst Ali stressed the importance of this level in a recent article, warning that a break below $ 140 could lead to a sharp drop to $ 100, a potential drop of 30%.
During the editorial staff, Sol tries a modest recovery, up 0.39% in 24 hours at $ 146, after diving at $ 144. If the sale continues, $ 140 remains the critical level to monitor. However, if creations of bullish momentum, buyers could aim to recover the 50 days and 200 days mobile averages, currently nearly $ 160 and $ 174, respectively.
Meanwhile, optimism increases in the Altcoin space compared to the potential approvals of American ETFs. Bloomberg ETF analyst Eric Balchunas shared the expectations that the SEC could approve the FNB linked to the crypto – including those who follow altcoins like Solana – so early next month. Analyst James Seyffart noted that Solana and the milestone ETFs could be among the first to obtain the green light, suggesting a possible “ETF Altcoin ETF”.
