Solana (SOL) holds near $81 as traders watch the $79–$80 support zone, with a breakout above $84 potentially opening the path towards $87 and $90.
Solana price is back in focus after a sharp recovery pushed SOL towards the $81 area. The move has improved short-term momentum, especially after SOL broke higher against Bitcoin and started showing strength while parts of the altcoin market remained mixed.
SOL Breakout Against Bitcoin Strengthens the Bullish Case
Solana’s BTC pair has started to break above a long descending trendline, which is one of the stronger technical signals on the current setup. The chart posted by ChiefraFba shows SOLBTC moving above its multi-month downtrend, with price pushing from the 0.00108 region towards 0.00133.
This matters because SOL usually performs better when it starts gaining strength against Bitcoin. If the SOL/BTC breakout holds, it could support further upside on the USD pair. The next key area on SOL remains $83–$84, followed by the $87 region if buyers continue to control momentum.
Solana Price Eyes $87 if $80 Support Holds
SOL is currently trading near $81.60, and the short-term chart shows a possible pullback before continuation. Crypto Tony’s setup highlights $79–$80 as the area where bulls may want to see the price hold before the next leg higher.
If SOL defends this zone, the next upside target sits around $83–$84. A breakout above that level could open the path towards $86–$87. However, if SOL loses $79, the move could weaken quickly, and the price may revisit $77–$75 before another recovery attempt.
Wyckoff Accumulation Pattern Points to a Bigger Recovery Setup
The daily chart is also starting to resemble a possible Wyckoff accumulation structure. Nebraskangooner’s chart compares SOL’s recent price action with classic accumulation phases, where the market moves through a selling climax, secondary test, spring, and then a possible sign of strength.
The key technical point here is that SOL appears to be trying to move out of the spring/test phase and into a stronger recovery phase. If this structure continues to play out, SOL needs to hold above $75–$77 and then reclaim $85–$90. A move above that zone would make the accumulation case much more convincing and open upside targets towards $120 and $140 in the short-term.
Whale Long Position Adds a Key Liquidation Level
A major whale has opened a $21.67 million SOL long with 20x leverage, according to the chart highlighted by Ted Pillows. The position has an entry near $80.04 and a liquidation price at $63.64. This adds an important level to the broader risk map. The $63.64 area is not an immediate target, but it shows where a highly leveraged long would be forced out if the market reversed sharply. As long as SOL holds above $75–$80, the position remains safe, but a deeper breakdown could increase liquidation risk across the market.
Bitfinex Longs Drop Raises Short-Term Caution
Not every signal is bullish. Max Crypto pointed out that Bitfinex whales have been aggressively closing Solana longs, with the chart showing a sharp drop in SOL long exposure. According to the post, the last time a similar event happened, SOL dropped around 14%.
This does not guarantee another selloff, but it does make the current $79–$80 support more important. If SOL stays above this zone, the long reduction may simply reflect profit-taking after the recent move. But if price starts breaking below $79, the market could see a deeper pullback towards $75 and then $70.
Key Levels to Watch for Solana Price Forecast
Solana price is currently trading in a tight but important range. The first support zone sits around $79–$80, which is where bulls need to defend the current breakout structure. Below that, $77 and $75 become the next downside levels.
On the upside, $83–$84 is the first major resistance. If SOL clears that zone, the next targets are $86–$87, followed by $90. A clean move above $90 would shift the broader structure more bullish and could put $95–$100 back into focus.
Important levels now are:
- $79–$80: main short-term support zone
- $83–$84: first breakout resistance
- $86–$87: next upside target
- $75: downside risk if $79 fails
- What Comes Next for the Solana Price?
Solana’s setup is improving, but confirmation still matters. The SOLBTC breakout, Wyckoff-style accumulation structure, and strong move towards $81 all support the bullish case. However, whale long reductions, exchange transfers, and leveraged positioning mean traders still need to respect downside risk.
From here, the setup is fairly clear:
- Bullish scenario: SOL holds $79–$80 and breaks above $83–$84, opening the path toward $86–$87 and then $90.
- Bearish scenario: SOL loses $79, which could trigger a pullback towards $77, $75, and possibly $70 if selling pressure expands.
For now, the Solana price prediction remains cautiously bullish while SOL holds above $80. A clean breakout above $84 would strengthen the recovery, but losing $79 would turn the current move into another failed breakout attempt.
Source: Original Article
