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Solana falls to $83 amid heavy futures liquidations, but spot buying offers recovery hope.

Market News
19 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solana (SOL) has dropped to $83, wiping out all gains made in May due to strong bearish pressure in the futures market. Over $27 million in long positions were liquidated, causing a significant outflow of funds and a sharp decline in the Long Short Ratio, signaling trader pessimism. Technical indicators confirm dominant selling momentum, suggesting SOL could fall further to around $81. However, continued spot market buying shows investor confidence, which might help SOL recover towards $90 if demand persists.

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