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Solana (SOL) surged past the $190 resistance level, triggering over $11 million in short liquidations. Institutional inflows of $39 million last week further boosted market confidence, signaling strong momentum for the altcoin.
- Over $11 million in short positions were liquidated as Solana surged past $190, with the largest single liquidation valued at $1.13 million.
- Only 1.59% of SOL's total supply was bought above $189, indicating low resistance and potential for further price acceleration.
- Institutional inflows into SOL products reached $39 million last week, highlighting growing confidence in Solana's market position.
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