Solana Eyes $100 Breakout as 14% Weekly Surge Triggers Short Liquidations
Solana is pressing against key resistance near $97.50 following a 14% weekly rally. A mix of short liquidations, ETF inflows, and improving macro risk appetite has pushed SOL back into prime breakout position. Traders are now watching whether momentum can clear the pivotal $100 psychological level.
Solana is charging back into focus after posting a 14% gain over seven days, trading near $97.50 and holding firmly above its newly formed $96 support zone.
A classic short squeeze sparked the move as heavy liquidations force-cleared bearish leverage across derivatives desks. Fresh institutional interest through ETF inflows added fuel to the run, driving spot accumulation alongside network growth.
All eyes now turn to the $100 ceiling. Clearing this psychological barrier could spark another wave of momentum, while failing to break through risks a tight consolidation period above $96.