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Solana Price – $15 Million in Short Liquidations Fuel Solana Rally
Solana Price – Solana (SOL) is making headlines again, delivering a powerful breakout after weeks of sideways action. With short sellers scrambling, developer activity skyrocketing, and technicals aligning, SOL’s latest rally could be just the beginning of something much bigger.
Solana Smashes Key Resistance, Liquidates $15M in Shorts
Solana just blasted through key resistance at $174, reaching its highest price in over a month and triggering a wave of short liquidations. More than $15.49 million in leveraged short positions were wiped out in a matter of hours, as SOL surged past its previous range between $150 and $160.
This wasn’t a random move. The price action had been coiling beneath crucial resistance for several sessions, with momentum steadily building. Once Solana broke above its 25-day and 99-day moving averages, the floodgates opened. The rally was accompanied by a surge in trading volume, reinforcing the breakout’s strength and catching many traders off guard.
Market watchers now believe that as long as SOL holds above the $170–$174 range, the stage is set for a further move toward the $183–$190 resistance zone, a level that has historically acted as a critical inflection point.
Developer Activity Surges to 2-Month High
Solana’s price isn’t the only thing heating up. According to data from SolanaFloor, the network just recorded its highest number of daily token launches in two months, with over 53,000 new tokens created on July 16 alone.
This spike in token creation suggests that developer confidence is returning in a big way. When new projects flood onto a chain, it typically boosts on-chain activity, gas consumption, and overall network demand. The renewed development energy adds another layer of bullish momentum, signaling that the Solana ecosystem is waking up across the board—not just in price.
Technicals Align for a Push Toward $280
After breaking out of a larger falling wedge pattern earlier this year, Solana appears to be forming a bullish flag, indicating further upside potential. According to analyst Satoshi Flipper, the next major test is the $190 resistance level, a price that previously acted as a pivotal support and resistance zone in past market cycles.
A clean breakout above $190, especially with strong volume, could send Solana into price discovery mode, with technical projections suggesting a measured move toward the $280 mark. This level would bring SOL closer to its previous all-time highs, reigniting interest from both institutional and retail investors alike.
Meme Community Rallies Behind the $300 Dream
As Solana continues to climb, the meme coin community is getting louder, and not just for laughs. Popular crypto influencer CryptoCurb noted that a clean breakout above $300 could trigger a chain-wide rally, lifting Solana-based altcoins and memecoins in its wake.
With capital rotation often following large-cap breakouts, Solana’s meme scene could be next in line for explosive gains. The buzz is building, and the community is starting to treat the $300 level not just as a meme—but as a symbolic milestone for the ecosystem’s next big leg up.
Is Solana the Next Big Breakout?
Right now, all signs point to a bullish continuation for Solana. Price has reclaimed and held above key moving averages. Short sellers have been flushed out, removing immediate downside pressure. Developer activity is booming, and network fundamentals are strengthening.
With the $190 level in focus and the potential to target $280 in the coming weeks, Solana is back on the radar of traders and builders alike. And while meme fans dream of $300 SOL, the data suggests this isn’t just noise—it’s a reflection of renewed momentum across the entire Solana ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
