Solana Breaks Through $215 Leading the Crypto Market

On August 28, 2025, Solana (SOL) broke through the $215 key resistance level, reaching a new high since February this year, leading the market amid cautious sentiment. Its rise is supported by two core factors:

1. Strong Spot Buying: In the past week, major exchanges have seen net capital inflows, with Binance reaching $140 million, Upbit over $30 million, and OKX and Coinbase also experiencing tens of millions of dollars in buying, reflecting a global investor consensus and building price bottom support.

2. Short Squeeze Accelerates: The rise in spot prices triggered short stop-losses, with $18.91 million in shorts liquidated within 24 hours (a total of $30.25 million in liquidations), further pushing prices up through short covering buy orders; Binance's large investor long-to-short ratio has exceeded 2.5 times, indicating strong bullish sentiment in the short term.

Currently, Solana may be the market rebound pioneer and could become one of the core engines of the bull market in the future.#SOL