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Coinpaper 2026-03-09 10:34:17

Solana Price Analysis: Liquidity Cluster Signals Possible Drop First

Solana is approaching two key zones at the same time, with one chart pointing to strong downside liquidity and another showing a nearby resistance wall. Together, the setups suggest SOL could first sweep lower support and then face a decisive test if buyers try to push price back toward the $89 to $95 range. Solana Faces Lower Liquidity Pull Before Any Rebound Solana traded near a key support zone as liquidation heatmap data showed a larger liquidity cluster below the current price than above it. Analyst Ted Pillows said the main upside cluster sits near $95, while the stronger downside liquidity ranges from about $78 to $85. The CoinGlass heatmap matches that view. Bright yellow bands appear more heavily concentrated in the lower range, which usually points to a larger buildup of leveraged positions and liquidation interest. By comparison, the liquidity zone near $95 looks smaller and less intense. Therefore, short term price action may lean toward the lower range before any stronger recovery attempt. Solana Liquidation Heatmap: Source: Ted Pillows on X Price action on the chart also showed Solana losing ground after failing to hold above $90. Since then, it has drifted toward the upper edge of the $78 to $85 zone. That matters because crypto prices often move toward dense liquidity pockets when leverage builds on both sides of the market. Ted Pillows said a sweep of downside liquidity could come first and then a rally. The chart supports that idea because the lower liquidity block is both wider and brighter than the upper one. In other words, the market may first move lower to trigger liquidations in that range before trying to reverse upward. If Solana drops further into the $78 to $85 band and buyers respond, that area could become the base for a rebound. In that case, $95 would likely stand as the next visible upside target. However, if the lower zone fails to hold, the chart would point to continued pressure from sellers. For now, the liquidity structure suggests the downside cluster remains the stronger draw. As a result, Solana may test lower levels first before making any serious attempt to recover. Solana Tests Sell Wall With $89 as Next Level Solana moved into a resistance zone as the SOL/USDT one hour chart showed price trying to push through a visible sell wall. Analyst CW8900 said that if Solana clears this barrier, no other major sell wall appears until $89. SOLUSDT Sell Wall Resistance: Source: CW8900 on X The TradingView chart showed Solana near $83 after falling from the mid $90s earlier in the week. Since then, price has steadied and started pressing into the red resistance band between the high $88 and low $89 area. That zone marks concentrated selling interest where upside moves could face pressure. Recent candles also showed repeated tests below resistance instead of a sharp rejection. That matters because steady pressure under a sell wall can signal that buyers are still trying to absorb supply. If Solana breaks above that band, the chart suggests the path toward $89 could open with less immediate resistance ahead. At the same time, the broader structure still reflects weakness after several lower highs from the recent peak. Therefore, this resistance test is important. A breakout would shift short term momentum, while another rejection would keep Solana trapped below resistance.

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