Solana Eyes $100 — Can SOL Break Out 20% Higher?

Quick Take: SOL is knocking on the door of $100 again, and a wave of short liquidations just cleared the runway.

Bitcoin, ether, and Solana all climbed together as roughly $1 billion in shorts got wiped out in a two-day stretch that pushed total liquidations past $4 billion — figures not seen since 2021. SOL rode that wave higher, and now the conversation has shifted to whether it can push another 20% and reclaim the $100 level that's acted as resistance for months.

Short squeezes like this tend to have a follow-through effect on the meme coin ecosystem sitting on top of Solana. When SOL rips, wallets feel richer, risk appetite comes back, and that capital doesn't just sit in spot SOL — a meaningful chunk rotates straight into pump.fun launches and established meme names looking for a beta play. A confident SOL is historically bullish for meme coin volume across the board.

The catch is that $100 isn't just a round number — it's a level that's rejected SOL multiple times in this cycle, and competition from other high-throughput chains hasn't gone away. Bulls need more than a liquidation-driven pop to hold the level; they need spot demand to actually show up once the leverage-driven move runs its course.

Either way, this is the kind of setup meme coin traders watch closely: SOL price action tends to lead sentiment for the entire ecosystem sitting underneath it, and a clean breakout here would be the clearest green light for meme coin risk appetite in weeks.

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