Crypto
Solana's Breakout Leaves Short Sellers Reeling as Price Targets $118.60
Solana's (SOL) price has surged past a key resistance level of $96.24, leaving short sellers reeling as they suffer significant losses.
The token's breakout is being driven by both ETF inflows and a brutal short squeeze, with ChatGPT AI predicting further gains in the near term.
The immediate test for SOL will be the level of $118.60, above which it would confirm the breakout and open up higher targets. The next target range is between $130 to $140, although this rally's nature poses a risk of sharp reversals once forced buying dries up.