Solana #SOL #Altcoins #CryptoNews #InstitutionalFlow
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š„ Solana Soars to $191 as $11M in Shorts Get Wiped and Institutional Demand Heats Up
Solana ($SOL ) blasted past the $190 mark, surging to $191.56 after a wave of short liquidations and a bullish inflow of institutional funds.
š In just 24 hours, Solana saw over $11 million in short positions liquidated, according to SolanaFloor, with the biggest single liquidation hitting at $188 worth $1.13M. This sharp upside move caught many traders off guard and triggered a domino effect of forced buying.
Meanwhile, institutional appetite is clearly growing. As reported by CoinShares, Solana-focused investment products recorded $39 million in inflows for the week ending July 19, showing a strong shift in big-money sentiment toward SOL.
š SOL Price Action & Technical Setup
From July 20 (09:00 UTC) to July 21 (08:00 UTC), SOL climbed 5.01%, from $180.77 to $189.82.
The trading range hit a high of $190.77, with key support at $178.30 and a significant resistance breakout at $183.20.
Volume surged past 2.27M at peak buying, while the final push to $190+ was marked by increased momentum and limited profit-taking.
Notably, well-followed trader DonAlt commented on X, saying that although he favors Ethereum$ETH , Solanaās breakout potential looks undeniable, especially if it holds above current resistance levels.
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š© Why It Matters:
$SOL ās 6.5% daily gain signals strong bullish momentum
Liquidations + inflows = combo fuel for price breakout
Institutional players are stepping in heavily
With this momentum, Solana bulls are eyeing previous all-time highs as the next big test.
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#Solana #SOL #Altcoins #CryptoNews #InstitutionalFlow
š In just 24 hours, Solana saw over $11 million in short positions liquidated, according to SolanaFloor, with the biggest single liquidation hitting at $188 worth $1.13M. This sharp upside move caught many traders off guard and triggered a domino effect of forced buying.
Meanwhile, institutional appetite is clearly growing. As reported by CoinShares, Solana-focused investment products recorded $39 million in inflows for the week ending July 19, showing a strong shift in big-money sentiment toward SOL.
š SOL Price Action & Technical Setup
From July 20 (09:00 UTC) to July 21 (08:00 UTC), SOL climbed 5.01%, from $180.77 to $189.82.
The trading range hit a high of $190.77, with key support at $178.30 and a significant resistance breakout at $183.20.
Volume surged past 2.27M at peak buying, while the final push to $190+ was marked by increased momentum and limited profit-taking.
Notably, well-followed trader DonAlt commented on X, saying that although he favors Ethereum$ETH , Solanaās breakout potential looks undeniable, especially if it holds above current resistance levels.
---
š© Why It Matters:
$SOL ās 6.5% daily gain signals strong bullish momentum
Liquidations + inflows = combo fuel for price breakout
Institutional players are stepping in heavily
With this momentum, Solana bulls are eyeing previous all-time highs as the next big test.
---
#Solana #SOL #Altcoins #CryptoNews #InstitutionalFlow
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