$SOL Heating Up $93.4K in Shorts Liquidated!
#SOL reached $239.46, triggering the liquidation of a $93.4K short position.
This surge underscores increasing bullish dominance as sellers lose their grip.
The momentum could open doors to a stronger upward trajectory.
• Market Outlook
Short liquidations of this size often attract additional buying interest, but traders should stay cautious near resistance levels.
A breakout could drive further gains, while rejection may signal consolidation.
• Next Move for $SOL
• Bullish Case: Breaking above $240 could set up a rally toward $245-$250.
• Bearish Scenario: Failing to sustain above $239 might lead to a dip to $233-$230.
• Trading Tip:
Look for confirmation of strength with rising volume near $240 before entering long positions.
For short-term traders, tight stop-losses are essential in this volatile zone.
#SOL is showing strength—keep it on your radar!