Solana targets $125 as liquidity cluster forms after support bounce

Solana (SOL) is attracting renewed interest among technical analysts after the cryptocurrency staged a bounce from a closely watched micro support zone, while a significant concentration of short-side liquidity forms overhead at $125. Prominent trader 0xSweep observed that Solana has cleared remaining downside liquidity. With those lower price levels now absorbed, the most notable area of liquidity resides around the $125 mark, where a large number of short positions have accumulated. When downside stops and resting liquidity are absorbed, price action may be drawn toward the next dense cluster of opposing positions.

Source: CoinTurk News