Solana Rockets Past $90, Eyes $100 Breakout

Solana's price has surged by over 25% in just one week, pushing it closer to its key breakout level of $100.

The token has been on a tear since the US Securities and Exchange Commission proposed a new regulatory framework for crypto assets, shifting sentiment across the market.

Trading volume has spiked nearly 50%, reaching $9.5 billion, which is roughly 17% of SOL's circulating market cap.

This surge in volume triggered a large short squeeze, with over $4.6 billion worth of short positions being liquidated in just three days.