Coinpaper
2026-05-02 11:39:51

Solana Price Prediction: SOL Faces $106 Breakout Test

SOL price is trying to recover after a sharp move lower, but two chart signals show the market still faces pressure. A liquidation heatmap shows short positions building near the $84 to $87 zone, while a separate SOL chart places the next major bullish trigger at $106. For now, SOL trades near a key support area around $80 to $90. If buyers defend that range, the price could first move toward the upper liquidity cluster near $84 to $87. However, SOL still needs a clear break above $106 before the chart can show stronger bullish momentum again. SOL Liquidation Heatmap Shows Short Pressure Building Near $84 The SOL liquidation heatmap shows price recovering toward the $84 area after a sharp drop near April 30. The chart shows a large liquidity cluster above the current price, mainly between about $84 and $87. Because of that, CW’s post suggests that short positions may now face pressure after the earlier long liquidation. SOL Liquidation Heatmap. Source: CoinAnk SOL first moved down from the $87 area and swept lower liquidity near $81. After that move, price rebounded and started moving back toward the nearest upper liquidity zone. This matters because liquidation heatmaps show where leveraged positions may get forced out if price reaches those levels. However, the chart does not confirm a full bullish reversal by itself. It only shows where liquidity sits. For now, SOL trades near a key short-term area, with upper liquidity around $84 to $87 and lower liquidity still visible near $80 to $81. If buyers keep control, price may target the upper cluster. If momentum weakens, SOL could return to the lower range. SOL Chart Puts $106 Breakout Level Above Current Price SOL trades near the green support zone around $80 to $90 after falling from its 2025 highs, according to the chart shared by Don. The setup shows $106.24 as the key level SOL needs to reclaim before stronger bullish momentum can return. SOL Price Support Chart. Source: DonWedge The chart also marks a higher upside target near $260.17, but SOL remains far below that area. Therefore, the first major test sits near $106. A move above that level would show buyers have regained short-term control after the recent decline. However, SOL still trades close to the lower range. The chart suggests that $80 remains possible if buyers fail to hold the current support zone. For now, bulls need to defend the green area and push price back above $106 to weaken the bearish structure.

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