$SOL Sparks a Short Squeeze at $150.94 — Momentum Just Got Dangerous for Bears
The market just witnessed a sharp short liquidation of $1,406.9K at the critical level of $150.94. This is not just a number — it’s a signal. A wave of short sellers has been wiped out, and $SOL may be gearing up for a high-volatility breakout.
Technical Analysis:
Zone to Watch (Demand Zone):
$146.50 – $149.20
This zone is acting as a springboard. Price has shown repeated buying strength here and the recent short liquidations confirm whale activity defending this area.
Buy Entry Zone:
$149.50 – $151.00
The ideal zone to enter long positions. It's above the key liquidation trigger, meaning momentum is already shifting in favor of bulls.
Target Levels:
1st Target: $156.80
2nd Target: $162.50
3rd Target (Swing Target): $169.00
These targets are based on Fibonacci extensions and recent breakout structure. Watch for volume confirmation at each level.
Stop Loss (Risk Management):
Place a stop below $146.30
If price dips below this, the breakout thesis weakens and the bears may attempt to regain control.
Conclusion:
$SOL is no longer just bouncing — it’s showing signs of a powerful trend reversal, backed by forced liquidations and increasing bullish volume. The short-squeeze at $150.94 could be the fuel for a larger move, and smart money seems to be positioning already.
