$SOL

🚨$149M Short Squeeze Looms🚨

Data from Coinglass shows that Solana price is facing a $149 million short liquidation risk, which may squeeze out short sellers and give room for the price to make an upward recovery. This hot liquidation lies at the $159 price, and if SOL were to make a slight 2% gain from its current price, it may wipe out these positions.

A short squeeze is usually bullish for price as short sellers become forced buyers. This will increase the upward momentum and support further gains for this altcoin. These positions also increase the likelihood of Solana’s volatility surging in the near term.

To sum up, Solana price has formed a V-shaped recovery on the daily price chart, suggesting a sharp bullish reversal is imminent. This rally could occur because of the looming short squeeze of $149 million open positions at risk if Solana price hits $159.

#solana320 #Trendingissue #Trendingcoin320 #mr320 #Binance320