#Solana SOL Price News Today 24-12-2025 - SOL Elliott Wave Price Technical Analysis, Price Update. Video by More #Crypto Online.
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Solana (SOL) is trading around $121 - $122 USD on December 24, 2025, experiencing a daily decline of approximately 2% to 3%. The price has been under significant negative pressure, leading to a massive liquidation imbalance for bullish traders.
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Key Insights
Price Performance: Solana opened the day around $123.87 but has since slipped to a low of $120.78. The current downtrend is part of a broader market decline affecting major cryptocurrencies like Bitcoin and Ethereum.
Market Dynamics: A significant "liquidation imbalance" occurred in the last 12 hours, with long position traders seeing nearly $5 million wiped out, indicating a strong bearish sentiment.
Technical Analysis: The price remains below the 50-period Simple Moving Average (SMA), reinforcing the dominance of the bearish trend. Analysts expect the price to decline further, targeting a key support level at $116.50 if it stays below $122.75.
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