Solana price has recently been trading in a narrow technical range, amid strong liquidity zones on both the buy and sell sides. In particular, SOL, which is caught between the liquidity accumulation just below $ 85 and the strong resistance level at $ 93, continues to search for direction in this range. According to Coinglass data shared by an X user with the nickname Ted, there are signs that the price is preparing for a sharp upward and downward movement.
Liquidity map shows critical levels
Two distinct focal points stand out in the Coinglass heat map. A strong liquidity band has formed above $90; This shows that large positions can be triggered if the price moves up. Just below $85, there is another cluster of liquidity. It is often observed that if the market becomes unstable, prices quickly retreat to such areas.
In particular, the bright band above $90 suggests that the price may rise to this level in a short time if buyers regain dominance. However, Solana could not hold on to the high levels it tested during the day and lost value towards the close. Thus the above liquidity could not be tested in the short term.
On the lower side, the liquidity area below $85 has become more evident as the price movement weakened. Ted evaluates that if the geopolitical tension between the USA and Iran continues to put pressure on risky assets, a movement towards this lower band may be seen in the Solana price first. Here, whether the price will stay only for a short time or permanently adopt a lower level is closely monitored in terms of trading strategies.
Technical indicators confirm the squeeze
When the heat map was examined, it was seen that liquidation levels were concentrated in certain narrow regions. This squeeze increases the likelihood that the price will move towards clear resistance or support in the short term. While the $90 level is seen as an important trigger above, the level below $85 stands out as the first target in a possible sharp withdrawal.
In general, the charts show that attempts to rise in Solana turn into sideways movement after a while, followed by a gradual decline. Although this situation does not technically indicate that the disruption has become certain, it does reveal that the price is approaching the liquidity area below.
93 dollar band still not exceeded
In the four-hour chart shared by X user The Moon Show, it is possible to see that Solana’s reaction rises in early April are stuck at the resistance at $93. Although the price has recovered to $88, this horizontal ceiling has not yet been breached and buyers cannot confirm a strong breakout.
It is noteworthy on the chart that repeated attempts to rise to the resistance band above $93 failed. While buyers have difficulty surpassing this region, the way for a new rise is blocked for now. If Solana can clearly overcome this resistance, there may be a rapid attack towards the mid-upper $90 band. If the breakout fails, the price will be brought back to around 85 dollars. The “green path” on the chart emphasizes the possibility of a successful breakout, while the “red path” emphasizes failure and downside risk.
“Solana remained in the tight zone after the last upward effort, the price will either make a significant resistance break or head towards lower levels again in a short time.”
Transaction volume data indicates that the highest trading took place in the 80s and 90s of dollars. This shows that the short-term direction may become clearer as the price breaks out of the current range.
