Solana is nearing a triangle breakout at $145, with $44.95 million in long liquidations looming below $143. Will SOL crash to $134?With the broader market experiencing a slight pullback, Solana is trading at $144.48. After a nearly 2% surge on May 5, the price is undergoing an intraday decline of approximately 1.5%.Amid short-term volatility, Solana's price is approaching the apex of a triangle pattern, suggesting an imminent breakout. Will the SOL price avoid a breakdown below $143 and the potential liquidation of nearly $45 million in long positions?Solana Price Nears Triangle BreakoutOn the 4-hour chart, Solanas price trend is forming a symmetrical triangle pattern, marked by two converging trend lines. This indicates a tightening of the SOL price range near the $145 level.Solana Price ChartThe recent pullback within the triangle has caused the price to breach both the 50- and 100-period simple moving averages. This raises the risk of a negative crossover between these averages, potentially triggering a sell signal.However, as Solana nears the triangles apex, the MACD and signal lines are converging in negative territory, hinting at a possible shift in momentum.SOL Price TargetsWhile Solana continues to trade within the triangle, it remains in a no-trade zone. A breakout from the pattern could test the immediate resistance at $155.A successful breakout rally would significantly increase the probability of Solana reaching the $180 level. Conversely, a breakdown could lead to a retest of the 200-period simple moving average at $134, signaling a potential downside of nearly 7%.Bearish Sentiments on the Rise in Solana DerivativesWhile Solana holds within the triangle pattern, the derivatives market shows a slight uptick in bearish sentiment. According to CoinGlasss long-to-short ratio chart, short positions have increased to 51.72% over the past four hours.This shift has brought the long-to-short ratio down to 0.9335, indicating a marginally bearish-dominated market.Solana Long/Short Ratio ChartAdditionally, the SOL exchange liquidation map signals a potential $44.95 million in long liquidations if Solana drops to $143.3. A sharp increase in long liquidations could trigger a more severe correction due to a domino effect.Solana Liquidation Map
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