Solana’s breakout and heavy short liquidations fuel bullish momentum, but overheating risks could spark volatility.

Solana breaks out of a symmetrical triangle, holding $200 support and targeting $260–$300. Shorts face $6.3M in liquidations, reinforcing bullish strength despite overheating risks.

Since early September, Solana [SOL] has powered through the $200 level. Now, the altcoin’s daily chart reveals a breakout of a symmetrical triangle, with $200 serving as a critical support base. 

The current structure suggests that buyers are firmly in control, eyeing $260 as the next major resistance before potentially extending toward $300.

Momentum remained favorable at press time, as higher lows and strong volume confirmed the validity of the breakout. 

Still, traders should watch for potential retests of $200, as failed holds at this level could trigger renewed selling pressure. Yet, for now, the breakout paints a distinctly bullish picture.