• SOL has only seen a 10% jump in the last month, so a 22% rise from its current value might be a stretch.
• But can it defy mainstream expectations once again?

Solana’s [SOL] stablecoin supply has soared to $12 billion, driving liquidity and keeping SOL above $200 despite market swings.

However, a top analyst warned that $11.35 billion in short leverage could be squeezed at $245, demanding a 22.5% surge in price. But with the current market conditions, is that even possible?

Breaking down the odds

Despite the market’s volatility, SOL has shone over the last five days. Traders quickly snapped up the dip at $188, pushing the price up 8%, fueled by a surge in volume that shows strong buying interest.

On top of that, Solana was still outperforming Ethereum [ETH] in key areas, like DEX volume, despite SOL’s massive fall from its $40 billion all-time high to $4.5 billion at press time.

It’s clear the