$SOL short liquidations near 85.08 are becoming a key narrative right now, and from a market-structure perspective this setup actually makes sense. When a large cluster of short positions gets trapped, traders are forced to buy back their positions, which creates fast upside momentum and often kicks off a squeeze move. However, that squeeze only turns into a sustained rally if real spot buyers step in after the liquidation wave. At the moment, downside pressure is clearly cooling, sellers are losing control of momentum, and price is holding above the mid-range, which shows buyers are actively defending support rather than letting the market drift lower. There is also a visible liquidity pocket below current price that can act as fuel for continuation, and if SOL manages to break and hold the 86–87 area cleanly, momentum traders and breakout buyers are likely to jump in quickly. If price begins to accept above the 87–88 region, the 90–94 zone becomes the next major liquidity magnet where price naturally wants to travel. Despite this short-term bullish momentum, it’s still important to remain cautious because SOL is technically trading inside a macro range rather than a confirmed uptrend. The higher timeframe levels matter a lot here: major resistance sits at 90–95 and then again at 100–105, while major support sits around 80 with a breakdown level near 75. Until SOL reclaims the 95–100 region and flips it into support, the current move should still be treated as a relief rally inside a broader range rather than the start of a full bull trend. This means upside trades are valid but tactical, not long-term conviction positions yet. From a market psychology perspective, bears became confident after the recent drop and are now getting squeezed, while bulls remain cautious and are waiting for confirmation before fully committing capital. This kind of environment often produces slow, grindy upside moves rather than explosive trends, which actually suits structured long setups. #sol @Solana Name Service | Bonfida $SOL

SOL

84.92

+2.32%