Solana (SOL) has seen significant upward momentum, with over $32 million in short positions liquidated as it surged past $200 in the last 24 hours. The chart shows SOL trading around $204.57, above its 7-day ($203.37), 25-day ($197.42), and 99-day ($199.69) moving averages, indicating a strong short-term bullish trend. Investors should monitor for continued upward pressure, especially given the high on-chain liquidations on Solana-based perps.