Solana is nearing a triangle breakout at $145, with $44.95 million in long liquidations looming below $143.
Amid slight market pullback, Solana is currently trading at $144.48, undergoing an intraday decline of approximately 1.5%.
Solana's price trend on the 4-hour chart is forming a symmetrical triangle pattern, suggesting a potential breakout from the $145 level.
Bearish sentiments are rising in Solana derivatives market, with short positions increasing to 51.72% and potential $44.95 million long liquidations if SOL drops to $143.3.