Solana price soared to a new all-time high of over $153, surpassing resistance near the $145 mark and extending a bullish momentum that began early April. This surge was fueled by positive market sentiment following President Trump’s announcement easing tariffs and resuming trade talks with China. 📈 🇺🇸 💰. Trading volume reflected heightened optimism as options activity for SOL surged – over 700% in the last 24 hours. This indicates a surge in leveraged positions, particularly on exchanges like Binance and OKX, where long positions significantly outpaced shorts. 📈🚀 However, this rapid rise raises concerns about heavy liquidation risks. 🤔 As traders rush to capitalize on this rally, a large-scale selling pressure could trigger substantial liquidations, especially with the possibility of a significant sell-off if leveraged positions are triggered. This is supported by the recent spike in negative delta orders and order book liquidity for Solana on Binance, which saw a massive $120 million worth of sell orders in the last 24 hours alone. 💣 📉 Despite its bullish trajectory, the price might continue rallying towards resistance levels near $179-$181 before facing potential retracement to the $124-$111 range. However, a major market correction could impact Solana’s upward momentum. 📊