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$SOL technical analysis, SOL looking bullish as it is trading above the 200 Exponential Moving Average (EMA) and recently gave a breakout of a crucial resistance level of $145.



Source: Trading View

Following this breakout, there is a high chance it could soar another 10% to the $161 level. However, if investors’ interest and market sentiment remain bullish then SOL could soar to $185 to its next resistance level.

This breakout and this surge in open interest will be potentially responsible for the upcoming bullish rally in the coming days.

SOL’s major liquidation level

As of now, SOL’s major liquidation levels are at $136 on the lower side and $153 on the upper side, according to an on-chain analytic firm CoinGlass.

If the market sentiment remains unchanged and SOL soars to the $153 level, nearly $86 million worth of short positions will be liquidated. Conversely, if sentiment changes and SOL falls to the $136 level, nearly $162.5 million worth of long positions will be liquidated.

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