Solana (SOL) Price: SOL Is Up 25% in a Week and $100 Is Now in Sight - Here’s What Comes Next

TLDR

• SOL rose 8.70% in 24 hours, trading near $97.09 with a market cap of ~$56.56 billion
• SOL broke above $90 for the first time in three months, clearing two key supply zones
• Over $4.6 billion in short positions were liquidated in just three days
• SOL has spent 202 days inside an accumulation range, with $95–$100 as the key breakout level
• If $100 breaks and holds, analysts point to $120 as the next major target

Solana has made one of its strongest moves in months, climbing from the low $80s to nearly $97 in a matter of days. The token is up 8.70% in the past 24 hours and has gained around 25% over the past week.

Trading volume has surged nearly 50% to $9.5 billion, equal to about 17% of SOL’s circulating market cap. That spike in volume helped trigger a large short squeeze across the market.

Over $4.6 billion worth of short positions were liquidated in just three days as SOL pushed higher. August 18 alone saw $2.9 billion in liquidations, making it the 8th largest single-day wipeout in crypto market history.

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