Solana is holding near a key breakout zone as perps data shows more than $50 million in possible short liquidation pressure above the current range. At the same time, SOL’s chart structure points to $95 to $96 as the next major resistance area if support holds. Solana Price Hits $90 as SOL Shorts Face $50M Liquidation Risk Solana traded around $90 on Birdeye perps data, while cohort analytics shared by inno on X showed a split between trader groups. The dashboard showed SOL open interest at $349.2 million, up $5.32 million over 24 hours. That increase suggests more traders added leveraged positions as Solana moved near the $90 level. Solana Perps Data. Source: inno on X Inno said master and expert traders were bearish on SOL, while intermediate and advanced traders were bullish. The seven-day bias trend also showed different trader groups moving in opposite directions. The Birdeye liquidation map showed a larger liquidation cluster above the current price zone. According to inno, a 5% move higher could trigger more than $50 million in short liquidations. That matters because short liquidations can create forced buying. When price moves against short sellers, exchanges close those positions by buying back the asset, which can push price higher. The chart shows the liquidation curve rising sharply above $90 and extending toward the $100 to $110 area. That makes the upside zone important if buyers keep control. However, SOL still needs follow-through above the current range. If price fails to move higher, bearish traders may keep pressure on the market and limit the short squeeze setup. For now, the key question is whether Solana can hold the $90 area and push toward $100. A strong move above that zone could increase liquidation pressure and support another leg higher. Solana Price Holds Key Support as SOL Chart Points to $95 Resistance Solana is following its projected recovery path, according to a one-hour SOL/USD chart shared by More Crypto Online on X. The chart shows SOL moving higher after a previous ABC decline ended near the marked support area. Price then bounced from the lower zone and broke above the green signal line near $85.60. Solana Chart. Source: More Crypto Online on X More Crypto Online said Solana remains one of the stronger-looking structures among major altcoins. The account said the prior wave 2 found support in the ideal region before SOL resumed its move higher. The updated micro support zone sits between $86.73 and $88.60. As long as SOL holds that area, the current short-term structure remains intact. The chart also shows a small 1–2 setup, which supports the idea that Solana may be forming a third wave inside a larger wave 3 structure. The next key level sits near the April 17 high around $90.70. If SOL clears that area, the chart points to the $95 to $96 resistance zone as the next major target. However, a move below the $86.73 to $88.60 support zone would weaken the setup. That would place focus back on lower support levels near $81.76 and $80.67.
