$SOL registered a short liquidation of 1.2672K at 80.15, reflecting a strong push against bearish positions. As the native token of the Solana ecosystem, SOL frequently sees sharp intraday volatility, especially during periods of active derivatives trading. A short liquidation at the 80 level indicates that price managed to break above a psychological resistance zone. Such moves often generate momentum as forced buy orders compound natural demand. If $SOL can maintain support above 80, it may aim for higher resistance targets in the near term. However if volume declines and sellers regain control, the move could retrace toward previous consolidation levels. Liquidation driven rallies tend to be fast and emotional, making disciplined trading strategies essential. Watching on chain activity, ecosystem developments, and broader market conditions will provide additional context for whether this squeeze marks the beginning of a sustained uptrend or simply a temporary volatility spike.

SOL

89.9

+5.98%