Solana breakout shows SOL holding $200 support after a clear symmetrical-triangle breakout; heavy short liquidations (~$6.3M) pushed momentum higher and point to $260–$300 as the next resistance zone while risks of a $200 retest remain.
SOL holds $200 support and targets $260–$300
Over $6.3M in short liquidations on Sept 10 reinforced upward pressure.
Futures volume and concentrated positioning increase overheating and retest risk.
Solana breakout: SOL holds $200 support, targets $260–$300 after $6.3M short liquidations. Read the latest trade analysis and risk plan on COINOTAG now.
What is Solana’s breakout outlook?
Solana breakout shows a daily symmetrical-triangle breakout with $200 now acting as key support. Buyers appear in control, targeting $260 as the next resistance and $300 on extended strength, but derivatives flows signal elevated overheating and retest risk.
How did liquidations affect the breakout?
Liquidation data (CoinGlass) recorded roughly $6.3M in short liquidations versus ~$329K in longs on Sept 10. This skew indicates bearish positions were forced out, increasing short-covering momentum and amplifying the rally. TradingView price structure—higher lows plus increased volume—confirmed the breakout’s technical validity.
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Overheating risk: What should traders watch?
The Futures Volume Bubble Map (CryptoQuant) shows rapid futures activity growth, indicating concentrated leverage. When positions cluster, even a modest pullback can trigger cascading liquidations and sharp volatility. Traders should watch open interest and large order clusters for signs of unwind.
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Liquidation reports (CoinGlass) showed shorts were punished far more than longs on Sept 10: ~$6.3M of short liquidations compared to ~$329K in longs. This imbalance signals short-covering and buyer dominance in the short term.
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