$SOL Massive Short Liquidation Alert on SOL!
Event:
A staggering $19,839 short position was liquidated at a price of $196.4279 per SOL.
Impact:
$SOL The liquidation underscores the intense bullish momentum currently driving Solana’s price, as traders betting against the rally were caught off-guard.
SOL’s price surge forced short sellers to exit their positions, leading to cascading liquidations.
The market sentiment continues to favor bulls, with higher highs pushing SOL closer to the psychological $200 mark.
Why It’s Thrilling
Short Squeeze Effect:
This liquidation could trigger more shorts to cover, fueling further upward momentum.
Market Context:
As Solana solidifies its position in DeFi and NFT ecosystems, its fundamentals align with its recent price strength.
Keep an eye on resistance around $200; breaking this level could ignite a parabolic move.
Support remains strong at $190, offering a safety net for bulls.
Actionable Insight: Stay vigilant—volatility is king in moments like this! Trade
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