Solana Holds Near $85 as Three-Month Squeeze Sets Up Breakout Test
Analysts expect a 20% to 30% swing if the range breaks at $90–$92 or $80.
Overview
- Solana trades around $85 on Wednesday, holding the $80–$85 support after roughly three months in a tight range.
- Daan Crypto Trades says the prolonged low volatility could unleash a move of at least 20% to 30% once the range gives way.
- Traders are focused on $90–$92 as the barrier to clear and $80 as the floor to protect, with a drop below that zone raising the risk of a slide to $70–$75.
- WebTrend and Ray outline upside goals at $100 first and then $125 to as high as $145 if a clean break above resistance sticks.
- Santiment reports weekly active addresses fell from 5.01 million to 2.89 million even as social optimism jumped to the highest since January, and CoinGlass shows futures volume down about 38% with open interest up nearly 4% and more shorts liquidated than longs.