Solana (SOL) is facing an imminent crash despite Bitcoin’s market cap reaching an ATH as the king coin flirts with its $108,000 ATH. Exchange data shows a buildup of ask or sell orders that may push the Solana price to $140 before traders accumulate the dip and aid a breakout past $200. Asks Dominate SOL Orderbook – Crash Imminent? At press time, SOL trades at $165 with a slight 2% gain in 24 hours. Despite the gains, Solana’s order book shows that asks are dominating, as exchange data shows that there is a high number of sell orders above the current price between $170 and $171. SOL Ask Orders As the price rises, these sell orders are going to be filled, which will intensify the bearish headwinds current facing Solana price. This sell-side pressure may also impede buying pressure and force SOL into a prolonged downtrend before positive catalysts emerge… Read More at Coingape.com
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