Solana (SOL) Price: Breaks Above $90 as Short Squeeze Triggers Possible Bull Market Signal

TLDR

• SOL rose nearly 25% in 7 days, hitting the $90 target after the SEC proposed a new crypto regulatory framework
• Over $4.6 billion in short positions were liquidated in 3 days, with August 18 seeing the 8th largest single-day liquidation in crypto history
• The Crypto Fear and Greed Index jumped from 36 to 76, shifting sentiment from neutral to greedy
• An on-chain signal — a crossover between 30-day and 50-day moving averages for daily active users — last triggered a 70% SOL rally from $145 to $245
• ETF net inflows hit $38 million, the highest since May, while analysts watch the $83 level as a potential pullback target

Solana (SOL) has climbed nearly 25% over the past seven days, pushing above the $90 price level for the first time in months. The move followed the U.S. Securities and Exchange Commission’s proposal of a new regulatory framework for crypto assets.

Trading volume surged by nearly 50% to $9.5 billion, representing 17% of SOL’s circulating market cap. The spike above key resistance levels triggered a cascade of short liquidations across the market.

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