SOL Price Watch: Analyst Flags $245 as ‘Trigger’ for Explosive Solana Rally
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- Solana (SOL) eyes $245 as analyst predicts short squeeze if key level breaks.
- Solana (SOL) holds a $100B market cap, targeting $245 for the next price surge.
- $245 is a crucial SOL price: Break it & $250+ price surge possible.
Solana (SOL) has been showing strength even with broader market fluctuations and held a market cap of $100 billion recently, as its price stays above $200. Prominent analyst Ali Martinez pointed out that the $245 price level is key for the SOL price action.
In a post on X (formerly Twitter), the analyst noted that if SOL successfully reclaims $245, it could “trigger a major shift in market positioning, with billions in short positions at risk.” While sharing a liquidation heatmap, the analyst noted a substantial concentration of leverage at the $245 level, where nearly $11.35 billion in short positions are stacked.
$245: Solana’s Short Squeeze Price Point?
Essentially, this suggests that if SOL reaches the $245 price point, a series of liquidations could fuel further price surges due to forced buy-backs from short sellers.
Related: KuCoin Lists Three Solana-Based AI Tokens: BUZZ, GRIFT, SNAI
According to CoinMarketCap …
The post SOL Price Watch: Analyst Flags $245 as ‘Trigger’ for Explosive Solana Rally appeared first on Coin Edition.
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