Solana falls and rebounds from $145 as liquidations near $350 million

Solana's price fell and then rebounded from $145 as wider crypto market liquidations approached $350 million.

Despite the market stress, the token's fundamentals remain notable, with $15 billion in stablecoins and $1 billion in tokenized real-world assets backing the ecosystem; nonetheless, technical signals suggest growing uncertainty.

It is unclear whether those fundamentals will be enough to counter the technical uncertainty as liquidations continue, and the market's next direction remains unknown.

Key Topics

Crypto, Solana, Stablecoins, Tokenized Real-world Assets, Market Liquidations, Technical Signals