After successfully holding the support at $147.90, the SOL price continues to rise along the ascending channel. It is currently steadily testing the key resistance level, and each pullback has maintained bullish momentum. If it can break through this resistance, the price is expected to further target $174 and $180.

The largest scale short squeeze in the market in 2025 has just unfolded - and it has achieved great success. This has driven prices to historical highs and led to a strong rally across the entire market.

This is not just about short sellers being forced to exit - it is a liquidity vacuum, a tactical action by large funds, and a signal: indicating that current prices may still have room to rise and have not yet reached overheating levels. If bullish momentum builds up again, reaching $125,000 is not out of reach. ​​​

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