Solana is currently trading near a significant resistance level, drawing increased attention amid recent market movements. Data from leveraged trading shows that there is a short position liquidation pressure of more than $50 million sitting just above the current price range. Analysts are closely monitoring the $95 to $96 bracket as the next key resistance, underlining its importance for the continuation of the ongoing support trend.
Rising liquidation risk for short positions
Perpetual futures data from Birdeye indicates Solana is trading around $90, highlighting the asset’s volatile state. Meanwhile, metrics shared by Inno, which provides in-depth trader analysis, reveal a deep split among market participants regarding Solana’s immediate trajectory.
Over the past 24 hours, open interest rose by $5.32 million for a total of $349.2 million, suggesting that traders are opening more leveraged positions as the price approaches $90.
According to the data, experienced traders have adopted a more cautious outlook on Solana, while intermediate and advanced participants continue to expect a price rise. A 7-day trend shows this divergence in views between the two groups is persisting.
Liquidation map data reveals an area above the current price where over $50 million in short positions are at risk of being liquidated. A 5% upward move in price could initiate a cascade of position closures.
A rapid closing of short positions under such conditions may force significant buying activity, potentially accelerating Solana’s price gains. In particular, the liquidation curve rising steeply from above $90 up to the $100–$110 range could intensify buying pressure within this band.
Nonetheless, it is emphasized that Solana must maintain levels above its current range to sustain upward momentum. If the price fails to hold these targets, expectations for a further decline could persist and the likelihood of a short squeeze may diminish.
Support levels and technical outlook
More Crypto Online’s technical analysis notes that on short-term charts, Solana is following a projected recovery path. After a recent correction, the price has bounced upward from a critical support area.
Clearing the signal line around $85.60 has been considered a positive indicator for bullish momentum. Structurally, Solana continues to display a relatively strong technical profile among major altcoins.
Technical data show that as long as price stays above the micro-support area between $86.73 and $88.60, the short-term bullish scenario remains intact.
Later in the chart, the development of minor wave patterns increases the likelihood that Solana may be entering the third wave of a larger movement. The next major target is $90.70, and surpassing this could put the $95–$96 resistance zone in focus.
Conversely, should the price drop below the $86.73 to $88.60 band, lower supports at $81.76 and $80.67 come into play. These technical assessments indicate Solana is set for high volatility in the short term, with price action expected to remain active and fluid.
