Solana Holds $80–$85 Support as Short Bets Build and Bulls Target $106.24
A long-running triangle with short positions clustered at $84–$87 sets up a sharp move if buyers keep this floor.
Overview
- Solana trades near $84 after a modest weekly dip, with lower trading volume and only a small rise in futures positioning signaling a cautious market.
- Liquidation maps show many short bets between $84 and $87, which means a push into that zone could force traders to buy back at a loss and speed up a move higher.
- Traders are watching near-term resistance at about $88.77 and support around $81.94, while $106.24 is flagged by analysts as the level that would confirm a stronger uptrend.
- A large triangle pattern still frames the market, with analyst targets near $250–$300 if support holds and risk toward the mid-$60s and then about $45 if it fails.
- SOL returned to this $80–$85 area after falling more than 70% from 2025 highs, a zone analysts say has preceded major rallies in past cycles.