Solana Soars: Will $164 be Next? The Squeeze is On!

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So, here’s the thing. Every day, Solana inches closer to becoming a full-fledged member of the crypto elite—right up there with Bitcoin and Ethereum. Why, you ask? Well, it’s all about the price action and the ecosystem momentum. Things are lining up just right. The recent breakout above $152 was the game-changer, flipping that pesky resistance into support like a pancake at Sunday brunch. Now, the price is eyeing $164 as the next big milestone. Oh, and the chart’s looking like a well-organized toddler’s toy collection.

SOL Price Eyes $164 as Key Resistance Breaks

It’s official: Solana just broke through a major technical resistance, and the chart from Ali Martinez is showing the world how clean that breakout was. After hanging out in a symmetrical triangle for over a week (you know, the crypto equivalent of pacing in a waiting room), SOL finally decided it was time to break free, pushing past the $152 zone. And guess what? It’s stayed above that level. Bravo, Solana! You’re doing great!

With this breakout, the road is now wide open to the next target at $164—oh, and that’s the spot where some serious horizontal resistance used to live. They say patterns like this usually lead to a “measured move,” so, if the volume keeps up, you might just see SOL testing that $164 target sooner rather than later. But here’s the kicker: If it stays above the $152-$153 range, that’ll be fresh support. Like a cushion for your delicate crypto investments.

Solana Shorts Face $12.7M Liquidation as Bulls Regain Control

Okay, hold onto your hats. The crypto market just had one of its biggest shakeouts in weeks, with over $460 million in short positions liquidated in the span of 24 hours. That’s right, $460 million. Bitcoin took the crown with $233 million in liquidations, Ethereum followed with $151 million. But who got in on the action? Solana shorts. A whopping $12.72 million was wiped out as price soared past that resistance zone. Oops, did the bears get caught napping?

For Solana, the short squeeze happened right as it confirmed a breakout from a months-long triangle pattern. The bears were forced to cover faster than you can say “cryptocurrency crash.” With momentum building and price above $152, Solana is eyeing the next resistance at $164. Buckle up, folks!

SOL Solana Price Structure Starting to Flip Bullish

After a sharp breakout above $152 and a major short squeeze, Solana’s price action is now catching the eye of analysts and ecosystem watchers alike. According to 0xGumshoe (because who doesn’t love a name like that?), Solana is now consolidating in the $150-$160 range, which is starting to look like a launching pad. Who knew crypto could feel so… hopeful?

Now, everyone’s talking about ecosystem catalysts like the upcoming launch of PUMP (seriously, who’s naming these things?). If Solana can hold this range, bulls might just come charging in with more aggression than a toddler on a sugar rush. The stage is set for a potential push toward $180—and maybe beyond, if the stars align and the moon’s in the right phase.

SOL Staking Hits New All-Time High, Underscoring On-Chain Confidence

While Solana’s price continues to firm up above key resistance zones, the on-chain story is also quietly gaining strength. Thanks to SOL Strategies (seriously, who *are* these people?), we now know that total delegated stake just hit an all-time high of 3.83 million SOL—up over 30,000 SOL from the previous count. So, in case you’re keeping track, that’s a good thing. Really good, in fact. It’s like the crypto version of planting a garden and watching it grow.

This aligns perfectly with the recent technical setup. More stake usually means more confidence, and that means healthy growth. It’s like everyone’s favorite plant—except this one’s made of blockchain and digital magic.

And speaking of magic, Solana ETFs are on the rise too! ETF guru Eric Balchunas pointed out that the newly launched $SSK fund alone absorbed $20 million in a single day. You read that right—$20 million in a day. That’s some serious institutional interest, folks. Collectively, the three Solana-linked ETFs have pulled in a cool $80 million in the last month. Things are looking good for SOL, even if we’re not sure what any of this means yet. Just go with it!

Final Thoughts

Solana’s recent breakout is more than just another technical pattern. It’s a sign of growing confidence across the board. From $12.7 million in short liquidations to record-breaking staking levels and rising ETF flows, momentum is building. The price structure is tightening in a bullish way, and there’s real strength in the ecosystem. It’s like Solana is leveling up—and you’re here for it.

If SOL can hold the $152-$153 range as support, the path to $164—and maybe even $180—looks pretty solid. Who knows? Maybe we’ll all be sipping virtual cocktails on the moon soon. 🚀🍹

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2025-07-10 22:16