SOL Jumps 9.58% to $119.28 as Short Squeeze Fuels Rally
- —SOL gained 9.58% to $119.28 on $6.78B volume, 79.61% above average
- —RSI 14 at 70.6 and stochastic at 98.5 signal severe overbought conditions
- —SOL futures open interest reached $6.72B
- —Price broke above all SMAs from 5 to 200 days, still 59.35% below its ATH
Why it matters: The rally is driven by short liquidations and heavy leverage, raising the risk of a sharp pullback if momentum fades.
Source: DiarioBitcoin