Crypto Selloff Deepens: SOL and ADA Slide as $1.13B in Longs Are Liquidated

The crypto market faced a brutal correction as a wave of forced liquidations swept through major assets, wiping out over $1.13 billion in leveraged long ￰0￱ the hardest hit were Solana (SOL) and Cardano (ADA), both of which saw steep declines as cascading sell-offs intensified across ￰1￱ as traders absorb these losses, Outset PR , founded by industry veteran Mike Ermolaev, continues to demonstrate how a data-driven communications approach can help blockchain projects weather market storms by building long-term credibility and ￰2￱ PR Crafts Communications Like a Workshop, Powered by Data In a market often dominated by speculation and hype, Outset PR brings discipline and analytics to ￰3￱ agency functions like a hands-on workshop, where each campaign is crafted with precision—aligned with market timing, audience behavior, and platform ￰4￱ of offering generic placements, Outset PR weaves client narratives into market context, ensuring every article or feature adds real strategic ￰5￱ outlets are selected using quantifiable parameters like discoverability, domain authority, conversion potential, and ￰6￱ firm’s proprietary analytics system monitors daily media trends through the lens of Outset Data Pulse , allowing campaigns to align with momentum in real ￰7￱ result is communications that generate measurable impact, not empty ￰8￱ crypto projects looking to grow through cycles of volatility, Outset PR’s fusion of analytics and high-touch strategy provides an edge that mirrors how disciplined traders navigate uncertain ￰9￱ Suffers 10% Drop as Liquidations Cascade Solana (SOL) plunged nearly 10% within 24 hours amid the liquidation storm, with $595 million in SOL-linked positions forcibly ￰10￱ sell pressure intensified as SOL broke below the $173.52 support, slipping under its 200-day SMA ($179.59)—a key trend indicator for institutional ￰11￱ RSI at 44.01 signaled entry into oversold territory, while the MACD (-4.8) remained deeply bearish, hinting that momentum has not yet stabilized despite a slight histogram ￰12￱ a technical standpoint, the breakdown below $173.52 marked a “lower low” pattern, prompting many algorithmic traders and momentum funds to exit ￰13￱ identify $157–$160 as the next critical support range—failure to hold it could trigger further automated ￰14￱ Extends Losses as Bulls Lose Momentum Cardano (ADA) also joined the selloff, breaking below $0.55, a key support that previously anchored its July–August ￰15￱ RSI at 34.62 now hovers near oversold territory, while the 200-day EMA ($0.74) sits far above current levels—illustrating the scale of ADA’s technical breakdown.

A close below $0.55 confirms a bearish structure, invalidating the earlier recovery ￰16￱ point to $0.49 (March 2025 low) as the next immediate support, followed by $0.45, corresponding to the 78.6% Fibonacci ￰17￱ restore any short-term confidence, ADA would need to reclaim $0.58, a prior hourly resistance zone that could serve as the first sign of ￰18￱ Context: Liquidations and Macro Correlation The synchronized drop across major altcoins mirrors the broader deleveraging cycle triggered by high leverage and macro ￰19￱ risk assets faced renewed selling pressure amid rising Treasury yields and persistent inflation warnings from the Fed, crypto’s correlation with traditional markets tightened ￰20￱ reinforces a recurring theme in digital assets: excessive leverage magnifies macro shocks, transforming small pullbacks into large-scale liquidation waves.

Outlook: Short-Term Pain, Long-Term Positioning While the near-term outlook for SOL and ADA remains fragile, these deep pullbacks often reset speculative leverage and pave the way for healthier accumulation ￰21￱ are watching whether Solana can defend $160 and Cardano can stabilize above $0.49—levels that could determine whether this correction evolves into a full trend reversal or a temporary ￰22￱ markets reset, the analogy to Outset PR’s approach becomes clear: data, discipline, and timing matter more than ￰23￱ as the agency crafts campaigns that align with market momentum, successful investors will focus on measured entries, structural support, and long-term positioning rather than short-term volatility.

Disclaimer: This article is provided for informational purposes ￰24￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.