Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Solana crashes below $70 amid panic selling, risking further losses below $60.

Market News
04 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Solana's price fell sharply below the $70 support level to $66, marking its lowest point since December 2023. This drop triggered widespread panic selling across both spot and futures markets, with significant liquidations totaling $83 million, mostly from long positions. The altcoin's technical indicators, including a three-year low RSI of 22, suggest strong seller dominance and increased risk of further declines, potentially below $60. Recovery above $80 is needed to stabilize prices and prevent deeper losses.

More News (SOL)

Solana hits 2.5-year low as $88M in long positions liquidate amid declining demand.

Solana hits 2.5-year low as $88M in long positions liquidate amid declining demand.

Solana (SOL) dropped to its lowest price since December 2023, falling toward $68 after over $88 million in long positions were liquidated in a single day. The selloff reflects weakening demand, as active addresses and social interest have steadily de...

Technical Signals
Bearish
5 hours ago
Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implie...

Market News
Bearish
6 hours ago
Solana nears key $58-$67 support zone, hinting at possible rebound to $120-$175 later this year.

Solana nears key $58-$67 support zone, hinting at possible rebound to $120-$175 later this year.

Solana's price has dropped to its weekly lower Bollinger Band near $67, signaling strong selling pressure and a potential oversold condition. Analysts highlight a critical support zone between $58 and $67, which could trigger a rebound if held. One a...

Technical Signals
Bullish
6 hours ago
Solana price hits 52-week low amid $1.66B crypto liquidations and ETF outflows.

Solana price hits 52-week low amid $1.66B crypto liquidations and ETF outflows.

Solana's price dropped to a 52-week low of $66.6, down 27% in a month and nearly 74% from its 2025 peak, driven by a sharp crypto market sell-off and $1.66 billion in liquidations, mostly from long positions. U.S. spot Solana ETFs saw $12.7 million i...

Technical Signals
Bearish
7 hours ago
Hyperliquid's HYPE briefly surpasses Solana's price amid rising trading volume and new ETF launch

Hyperliquid's HYPE briefly surpasses Solana's price amid rising trading volume and new ETF launch

Hyperliquid's HYPE token briefly traded above Solana's SOL, hitting an all-time high near $75.40 while SOL dropped to its lowest since 2023. Despite Solana's larger market cap, Hyperliquid's growth in derivatives trading and institutional interest is...

Market News
Bullish
8 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App