Will SOL Crash to $134?

By: bitcoin ethereum news|2025/05/07 01:45:01

Solana is nearing a triangle breakout at $145, with $44.95 million in long liquidations looming below $143. Will SOL crash to $134? With the broader market experiencing a slight pullback, Solana is trading at $144.48. After a nearly 2% surge on May 5, the price is undergoing an intraday decline of approximately 1.5%. Amid short-term volatility, Solana’s price is approaching the apex of a triangle pattern, suggesting an imminent breakout. Will the SOL price avoid a breakdown below $143 and the potential liquidation of nearly $45 million in long positions? Solana Price Nears Triangle Breakout On the 4-hour chart, Solana’s price trend is forming a symmetrical triangle pattern, marked by two converging trend lines. This indicates a tightening of the SOL price range near the $145 level. The recent pullback within the triangle has caused the price to breach both the 50- and 100-period simple moving averages. This raises the risk of a negative crossover between these averages, potentially triggering a sell signal. However, as Solana nears the triangle’s apex, the MACD and signal lines are converging in negative territory, hinting at a possible shift in momentum. SOL Price Targets While Solana continues to trade within the triangle, it remains in a no-trade zone. A breakout from the pattern could test the immediate resistance at $155. A successful breakout rally would significantly increase the probability of Solana reaching the $180 level. Conversely, a breakdown could lead to a retest of the 200-period simple moving average at $134, signaling a potential downside of nearly 7%. Bearish Sentiments on the Rise in Solana Derivatives While Solana holds within the triangle pattern, the derivatives market shows a slight uptick in bearish sentiment. According to CoinGlass’s long-to-short ratio chart, short positions have increased to 51.72% over the past four hours. This shift has brought the long-to-short ratio down to 0.9335, indicating a marginally bearish-dominated market. Additionally, the SOL exchange liquidation map signals a potential $44.95 million in long liquidations if Solana drops to $143.3. A sharp increase in long liquidations could trigger a more severe correction due to a domino effect. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/06/solana-risks-45m-long-liquidation-will-sol-crash-to-134/?utm_source=rss&utm_medium=rss&utm_campaign=solana-risks-45m-long-liquidation-will-sol-crash-to-134

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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