Solana Surges 25% as MemeToro Prepares for Next Memecoin Rotation

Solana has experienced significant growth in recent weeks, with its price increasing by approximately 25% to around $94.93. This move is supported by a technical recovery, which has seen SOL break above previous resistance levels of $78 and $90.

The short squeeze that followed these breaks resulted in the liquidation of over $4.6 billion in short positions across the market during the three-day period.

The current SOL price prediction suggests a 60.5% probability of breaking above $100 before the August monthly candle expires, with some analysts suggesting a possible consolidation scenario before another directional move.