$SOL A significant short position on Solana (SOL) worth $61,300 was liquidated at $180.40 on Bybit. This indicates a strong upward movement in SOL's price, causing short sellers to exit their positions.
Current Market Overview: As of February 23, 2025, SOL is trading at approximately $171.82. The intraday high reached $174.33, with a low of $168.78. Recent analyses suggest a potential decrease of about 0.91%, projecting the price to reach $173.42 by the end of the day.
Trading Strategy:
Buy Zone: Consider entering between $187 and $212, identified as a key supply-demand area.
Target: Aim for the previous all-time high of $295.83, achieved on January 19, 2025.
Stop Loss: Set at $149 to manage potential downside risks.