Just caught Solana price action this week - been watching SOL trade around the $85-90 range and there's some interesting stuff happening. The liquidation data from the past few days shows shorts getting absolutely rekt, with nearly $20M in short positions getting wiped while the price bounced. That's a classic squeeze setup.

What's catching my eye is that Solana price has been consolidating in this tight triangle pattern around $87 before breaking higher. The technical setup looks solid - price is trading above all the major moving averages (5-day at $88.86, 10-day at $87.24, 20-day at $86.23), and the RSI was sitting around 67 which signals strong momentum. The institutional flows are also interesting - saw ETF inflows on the Solana side with Bitwise and Fidelity picking up shares, which usually means smart money is accumulating.

Right now SOL price seems to be testing resistance around $90, but given the liquidation activity and the fact that Bitcoin just pumped above $75k, there's still room for another leg up. Major support sits around $88.6 if we pull back. The market cap sitting at $49.36B keeps Solana as a top-10 asset, so any momentum could be significant. Watching to see if this breakout holds or if we get shaken out at the resistance zone.