Solana reached $110, its January level, before retracing to a daily low of $105. The price surge triggered massive liquidations: over $30.35 million in short positions and $8.9 million in long positions were wiped out. Open Interest climbed 10.4% to $7.54 billion, while derivatives volume surged 69% to $17.27 billion. With RSI at 78 in overbought territory and DMI Modified positive for three consecutive days, Solana could target $125 if demand holds, pending a reclaim of the $110 level.
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