$SOL Liquidated Short:

$399K at $222.89

Current Price: As of December 11, 2024, Solana ($SOL ) is trading at around $221.42. The price has seen recent fluctuations, with a low of $217.62 earlier this week and a high of $238.89 over the weekend. Currently, Solana is experiencing a 2.2% increase in the last 24 hours, suggesting a steady upward movement.

→ Thrilling Insights:

The short liquidations reflect significant price volatility, especially with $399K worth of shorts squeezed at $221.89.

Solana has surged over the past month, with an impressive 32.51% rise, but a more cautious short-term approach may be prudent as it remains near key support levels.

→ Hints for the Next Move:

1. Watch for Rebounds:

The price could continue testing the $220–$230 range in the short term.

2. Breakout Potential:

A move past the recent $238–$246 zone could open doors for a fresh rally.

3. Risk Management:

Keep an eye on any sudden price drops toward $210 for potential short-term buying opportunities.

The next move will hinge on whether the price can maintain momentum or if profit-taking will stall the rally.

Be alert to potential volatility!