SOL Faces Selling Pressure as Long Liquidations Build

SOL trades below its nine-day EMA as a descending channel keeps sellers in control and puts the $100 support level at risk. Large positions remain 87% long, while roughly $53 million in potential long liquidations sit below spot across the displayed price range. RSI at 36.36 reflects weak momentum, while a recovery above $105 could challenge the descending channel and improve market structure. SOL technical analysis indicates that the…