Solana Approaches $90 as Short Liquidations Hit $17.94M in 24 Hours

Solana traded at $89.67 on May 20, up roughly 5.7% in 24 hours, with its market cap rising above $51 billion and trading volume climbing past $6 billion, up 2.64%, exchange data show. The price broke through the upper Bollinger Band at $89.6, with technical resistance near $92.02 and support around $85.8, while the Bull Bear Power indicator reached 4.83 in positive territory. Liquidation data show shorts accounted for $17.94 million of the $24.63 million in positions cleared over 24 hours, including $4.97 million of the $5.11 million liquidated in the past hour.