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Solana surges past $80 on strong short squeeze, eyeing $97 next amid new decentralized governance launch.

Technical Signals
02 Jul 2026
FXEmpire
View Source
Bullish
pluang ai news

Solana (SOL) price jumped over 20% in a week, breaking the $77 resistance and triggering a short squeeze that liquidated $24 million in shorts, the second-highest in 90 days. This surge coincides with Solana's launch of decentralized governance, allowing validators to vote on blockchain decisions, boosting social interest and trading volumes by 33%. Technical indicators suggest SOL could retest the $90-$97 range soon, although a mid-term bearish outlook remains due to broader market conditions.

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