Solana’s price has fallen over 3%, hovering around the $194 mark. With the broader cryptocurrency market experiencing volatility, SOL is showing signs of a bearish trend. Liquidations have totaled nearly $58.64 million across the Solana market. Analysts attribute this decline to the market’s overall downturn and increased fear sentiment. The asset opened the day trading at $203.83, but has since retraced down to around $191.39. Despite a recent surge in daily trading volume of over 22.87%, Solana continues to struggle with maintaining momentum above the $200 threshold. 58.64 million in liquidations have been recorded by Coinglass, showcasing the market’s increased uncertainty.