Solana’s solan exceeds $ 191 after $ 11 million in liquidated shorts and fund entries reached $ 39 million
Solana (soil) extended its upward sequence on Monday, climbing $ 191.56 after a wave of short liquidation and new capital entries in institutional funds. The price jumped 6.55% in the last 24 hours, according to Coindesk data, supported by several chain signals and excluding chain pointing towards the increase in demand for investors.
According to Solana News Source Solanafloor, more than $ 11 million in uncovered positions were liquidated as Sol increased through the level of $ 190. The largest liquidation occurred at $ 188 and totaled $ 1.13 million, which suggests that the aggressive lower positioning was taken by the movement.
The momentum also seems to be supported by institutional participation. The latest weekly Coinshares Digital Asset Flows Coinshares report, published on Monday, has shown that Solana products attracted $ 39 million in the week ending on July 19.
Crypto Trader Donalt, displaying on Monday on X, said that he still prefers Ethereum but recognized the potential configuration of Solana, noting that “if this resistance takes place, I think that will not stop at Ath Ath.” Its graphic suggested a biased bias contingent on the maintenance of the momentum above the current levels.
Strengths of technical analysis
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From July 20 9:00 am UTC at July 21, 08:00 UTC, Sol increased by 5.01%, from $ 180.77 to $ 189.82, according to the technical analysis of Coindesk Research.
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The negotiation range extended over $ 178.08 to $ 190.77, a spread of 6.65%.
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The key support formed at $ 178.30 with solid purchases at 10:00 p.m. UTC on July 20, while the volume increased to 2.27 million.
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The resistance at $ 183.20 was broken at the beginning of July 21 with a persistent volume greater than the average 24 hours (1.29 m).
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In the last hour (July 21, 07: 09–08: 08 UTC), Sol rose from $ 189.26 to $ 189.70, culminating at $ 190.77 at 07: 48.V
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Olume exceeded 65,000 during the UTC 07: 37–07: 48 rally rally, followed by the slight profit taking at the end.
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