$SOL Short Position Wiped Out: $98.9K at $208.66
SOL's price action remains volatile after a significant short position was wiped out. Currently, the support zone lies between $198 and $202, while resistance levels are seen at $212 and $218. Breakout traders should watch for a firm move above $212, signaling potential bullish momentum. Alternatively, a rejection near this level could present a shorting opportunity back towards $202. With these moves fueling volatility, sharp swings are likely as SOL tests these critical levels.