Solana (SOL) price has recently entered a period in which technical and market indicators coincide. As trading volume increases, the price fluctuates around $91.35 and the $90 level is maintained by intense interest from buyers. In the cryptocurrency market, Solana has entered the consolidation phase after rapid price movements.
Increased Liquidation and Breakage Expectations in Short Positions
Derivative market data on Solana shows that over $16 million in short positions has been liquidated in the last 24 hours as the price approached the $94 resistance. The closing of positions of more than 3,100 traders globally indicates that the price is rapidly moving towards the relevant resistance zone. Liquidations at this level mostly accelerate the market during periods when the price is in an upward trend.
From a technical perspective, increased liquidation generally means a short squeeze. If SOL exceeds the $94-96 band, further upward price movements may occur.
Rising Bottoms and Recovery Signal in Technical Structure
Market analyst gnarleyquinn notes that Solana has formed higher lows below the $92 resistance in recent weeks. Price movements evolved into a structure similar to the “ascending triangle” formation, being squeezed between rising trend support and horizontal resistance. With each new resistance rejection, it is considered that sellers from the market are decreasing.
According to the analyst, if this squeeze continues and the price moves above $92-95, it may create space for a new direction to be determined. Maintaining the course above $88-90 in the short term supports the positive picture.
Buyer Pressure is Strengthening in the Derivatives Market
Current data shows that buy positions in Solana derivative products continue to increase. According to CW8900’s analysis, the main factor that accelerated the recent price movement was the increased inflow of money into futures. The increase in open interest and funding rates supports the positive expectations of investors.
This generally indicates increased confidence in the market, but the proliferation of leveraged transactions also carries the risk of sudden volatility. Still, the price range in which participants are concentrated creates a strong expectation of a breakout in the $90-95 band.
Analyst Bluntz states that the price is stuck in the narrow band of $ 80-94 and the $ 94-95 level has been tested many times. It is noteworthy that the selling pressure has decreased and strong supports have formed. Above, the first major technical resistance lies at $110, where the SMA 50 line is.
Evaluating long-term price scenarios, analyst Celal Kucuker states that the range of $65 and $145 has been exceeded before, and the $110 level may be the next resistance.
In Kucuker’s medium and long-term evaluations, it is also predicted that Solana may rise to $360 by the beginning of 2027 if general market conditions remain favorable.
According to the latest price movements, Solana managed to hold on to the $88–90 support after volatility, and the $94–96 band stands out as the main short-term resistance zone. In the chart view, maintaining permanence above $90 will ensure the preservation of the positive structure, while if $95 is exceeded, eyes will turn to the $100 and $110 levels.
