Solana’s price has surged past the $181 mark after a substantial amount of long positions were liquidated, paving the way for a potential breakout above that key resistance level. Analysts anticipate Solana could reach targets as high as $200. The move follows an easing of volatility and increased stability in the price after recent pullback. A surge in trading activity on SOL futures and options markets has also shown bullish sentiment with long/short ratios favoring longs, according to Binance and OKX. Market data from Coinglass reveals that nearly $12.27 million in longs were liquidated, contributing to a reduction in market volatility. The asset is now stabilizing above the $172 level, supported by short-term moving averages (SMAs). The immediate key resistance lies at the 200-day SMA, currently positioned at $181. If this level is broken with strong trading volume, Solana could target higher levels around $195 and potentially even $225 based on Fibonacci extensions as suggested by TradingView and Crypto Cub.