Solana Compressing at $85: Is the Squeeze Back to $100 Imminent? ⚡
) is testing the patience of weak hands, trading near $85 as it builds out a massive macro rounded-bottom base. While institutional desks like Goldman Sachs rotated capital into primary Bitcoin vehicles during Q1, the native on-chain volume and retail network metrics for Solana remain incredibly resilient.
The Alpha: Shorts are getting heavily crowded. Perpetual funding rates have shifted deep into negative territory, meaning short sellers are actively paying long positions to keep their bets open. Furthermore, price is tightly compressing under the 20-day and 50-day EMAs ($87.60–$87.80).
The Trade: A clean daily close above the $88 resistance cluster will likely spark a massive short-covering rally, driving price straight into the primary $95–$100 breakout zone. If that clears, the macro runway opens up to the next structural supply area around $145.
Negative funding + a rounded base usually equals explosive volatility. Position your portfolios carefully! 👇