Solana’s current price of $78.94 is comfortably above the $61‑$62 support level that many traders use as a trigger for liquidations. In a market that’s still in an “Extreme Fear” phase, the fact that SOL has edged up by almost 1 % over the past day suggests that the coin is holding its ground better than many other assets. However, the 61‑62 range remains a hard supply wall: if the price slides back into that zone, leveraged traders could see their positions liquidated, which would add selling pressure and potentially pull the price further down.
For retail investors, the takeaway is that holding leveraged positions in Solana is risky if the market turns. A drop into the 61‑62 corridor could erase margin and trigger forced liquidations, creating a feedback loop that pushes the price lower. Even if you’re not using leverage, a sudden sell‑off could still impact the overall market sentiment and cause a broader pullback.
What to watch next is the price action around the 61‑62 support, the volume accompanying any move, and how the broader market—especially BTC and ETH, which are both up over 1 %—behaves. If Solana manages to hold above the wall and starts to rally, the “FUD hits highest level” headlines may turn into a bullish twist, but if it fails, the liquidation risk will be magnified. Keep an eye on the market’s fear‑greed index and any sudden spikes in trading volume to gauge whether the next move will be a rebound or a deeper dip.