Solana has reached the $81.50 target zone that one analyst tracked as a key downside marker on the daily chart. Meanwhile, Binance liquidation data shows heavy leverage stacked near $86 on the upside and $83–$82 on the downside, setting up a tight pressure range. Solana Tests $81.50 Zone While Rally Still Looks Corrective Solana traded near $85 on the daily Binance chart after sliding into a Fibonacci support region that analyst More Crypto Online has tracked since November. The analyst said the move matches a working thesis that framed the post November strength as a wave 4 corrective rally, followed by a drop toward $81.50. That level, described as an “ideal target” for a downside wave C, has now effectively been reached. Solana Fibonacci Support Zone. Source: More Crypto Online on X In the analyst’s wave count, the decline from Solana’s 2025 high can fit two main interpretations. In the orange scenario, the drop forms an ABC structure that completes a larger wave (iv). In the white scenario, the same drop marks wave A of a broader corrective phase that can still extend. The analyst said the white interpretation looks more likely right now, which keeps the door open for a rebound from the current support area but does not confirm a durable bottom. Even so, the analyst expects any upside attempt to stay corrective, meaning it would likely develop as an ABC move rather than a clean, impulsive breakout. The support zone on the chart stretches lower, with the analyst pointing to room down toward about $62. Meanwhile, a climb back toward the January high near $150 remains structurally possible over the coming months, although the analyst said the market has not yet confirmed that selling pressure has fully cleared. On lower time frames, the analyst noted that the first bounce off the February low unfolded as a three wave move, which typically signals limited trend strength. A potential 1–2 setup could be forming, but the analyst said the market still needs confirmation. The first signal would come if price breaks above $88 and then pushes through $91.30, levels the analyst flagged as early markers that a larger rally may be developing. Solana Faces Dense Liquidation Clusters on Both Sides of the Range Meanwhile, the 24 hour Binance SOL USDT liquidation heatmap from CoinGlass shows dense liquidation bands stacked above and below the recent trading range. The strongest concentration of short side liquidations sits near $86, with another heavy band extending toward the $88–$89 area. These zones reflect areas where short positions carry higher leverage and risk forced closures if price moves higher. Binance SOL USDT Liquidation Heatmap 24 Hour. Source: CoinGlass On the downside, the heatmap highlights notable long side liquidation clusters near $83–$82, with thinner layers extending toward $80. These levels mark zones where leveraged long positions could face pressure during pullbacks. As a result, both sides of the market remain exposed around nearby levels, which often keeps price constrained inside a narrow range. Recent price action on the chart shows repeated tests toward both liquidity zones without a clean break. Each push into upper bands met resistance, while dips toward lower bands found near term support. This behavior reflects balance between buyers and sellers rather than directional control. The heatmap structure shows leverage still active on both sides, which can delay trend development until one side’s liquidity clears. If price reaches the $86 band, the chart shows a thicker pool of short liquidations that could add momentum to an upside move. Conversely, a move toward the $83 area would tap into stacked long liquidations that may accelerate downside pressure. For now, the heatmap points to short term equilibrium, with direction likely to follow the first decisive sweep of nearby liquidation clusters.
