$SOL Shows Bullish Momentum with Key Support at $120, $32M Shorts Liquidated, New ATHs Expected

$SOL, the cryptocurrency associated with Solana, has shown significant bullish momentum. The price of $SOL has found a solid support level at $120, with a negative premium indicating spot buying.

Recently, $32 million in short positions were liquidated, further reinforcing this support. Market analysts suggest that breaking above $155 would signal a break in the bearish market structure.

The $120 level is considered a local bottom, similar to $MKR, with expectations of new all-time highs in the coming weeks or months. Additionally, technological advancements are driving Solana forward.

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