Solana broke above the $80 level on August 19th with a 10%+ rally. The asset’s fundamentals are strengthening, with over $10 million in net inflows into Solana ETFs last week, their strongest weekly inflow since May. The market saw massive short liquidations on SOL, with nearly $40 million liquidated in one hour, while one trader opened a $40 million leveraged long position. Despite these bullish signals, analysts remain cautious: the $100 target depends on a recovery in SOL/BTC momentum, otherwise the growing leveraged longs could turn into a bull trap.
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