Solana’s native token SOL broke above $191 in a dramatic move fueled by short liquidations and strong institutional inflows, marking one of its strongest weekly performances in months.
$11 Million in Shorts Wiped Out in 24 Hours
Over the past 24 hours, more than $11 million worth of short positions in SOL were liquidated, according to market trackers. These liquidations contributed to a sharp upward price movement, as bearish traders were forced to buy back assets to cover losses.
Liquidations often trigger rapid price increases, especially when they occur near key technical resistance levels.
Institutional Inflows Point to Renewed Confidence in Solana
Solana also benefitted from a surge in institutional capital. SOL recorded $39 million in fund inflows last week, according to recent data, signaling growing investor confidence in its long-term potential.
The inflows represent one of the highest weekly figures for Solana in 2025, indicating that institutional investors are turning to SOL as a high-conviction altcoin amid the broader digital asset market rebound.
This institutional interest comes at a time when Solana has been gaining traction in real-world asset tokenization, DeFi growth, and NFT infrastructure, making it a strong contender for portfolio allocation.
SOL Breaks Key Resistance With 6.5% Daily Gain
After consolidating around the $180 mark, SOL surged 6.55% on the day, breaking past the psychological and technical resistance near $190 and touching an intraday high of $191.
Technical analysts had flagged this region as a key breakout point, suggesting further upside potential if buying volume remains strong.
What’s Driving Solana’s Momentum?
Several factors are contributing to Solana’s bullish momentum:
- Institutional inflows are increasing, as highlighted by recent fund reports
- High short interest was wiped out, providing upward pressure
- Ecosystem growth in tokenized assets and DeFi use cases
- Improved network performance and developer activity
Solana’s break above $190 signals renewed market strength and growing institutional conviction. With rising inflows and reduced bearish pressure, SOL could remain a key altcoin to watch in the coming weeks.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.