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Solana hits $117.23, its highest since January, with $18M in short liquidations and bullish momentum ahead.

Market News
22 Sep 2026
Blockonomi
View Source
Bullish
Solana hits $117.23, its highest since January, with $18M in short liquidations and bullish momentum ahead.

Solana (SOL) surged to $117.23 on September 21, marking its strongest level since January 2026, driven by a broader crypto rally including Bitcoin surpassing $86,000. This price jump led to over $18 million in forced liquidations of short positions within 24 hours, reflecting strong bullish momentum. Market indicators and derivatives activity, including an 88.78% surge in trading volume, support continued upward movement with key resistance levels at $120, $125, and $130. Analyst Kyle Samani from Multicoin Capital predicts SOL could surpass Ethereum's market cap this cycle, citing Solana's higher recent protocol fee revenue as a competitive advantage. Investors should watch for a confirmed close above $120 to validate further gains.

Solana's market cap stands at Rp1.219,73 trillion as of September 22, 2026, 14:51 WIB, with a 1-day price increase of 4.33% to Rp2.071.563 on Pluang. Trading volume remains robust at Rp126,23 trillion, indicating active investor interest despite a slightly higher sell order activity of 54%. Meanwhile, Ethereum holds a market cap of Rp5.962,06 trillion and trades at Rp48.540.920, up 2.94% in the same period, showing continued strength in the broader crypto market.

More News (SOL)

Solana's open interest drops 4.25%, Bitcoin and Solana share highest crypto funding rates at 3.8% annualized

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On October 17, Solana (SOL) experienced the largest decline in open interest among major cryptocurrencies, falling 4.25% to $929.5 million. Bitcoin's open interest also decreased by 0.69% to $7.68 billion. Both Solana and Bitcoin had the highest fund...

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