Solana (SOL) is attempting to recover after a sharp decline in late April, but technical signals indicate that the market still faces significant pressure. According to analysis from multiple sources, SOL must reclaim the $106 level to establish a stronger bullish trend, while short positions are building near lower resistance zones.
Data from a liquidation heatmap shared by analyst CW reveals a large liquidity cluster between approximately $84 and $87. Following a drop that swept liquidity near $81, SOL rebounded and is now moving back toward this upper liquidity zone. This suggests that short positions may face forced liquidation if the price reaches these levels, potentially accelerating upward movement. However, the chart does not confirm a full bullish reversal—it only indicates where leveraged positions are concentrated. Lower liquidity remains visible near $80 to $81, meaning a failure to hold current support could lead to a retest of that range.
On a separate SOL price chart provided by analyst DonWedge, the token is trading near a green support zone around $80 to $90 after falling from its 2025 highs. The chart identifies $106.24 as the critical level SOL needs to reclaim for stronger bullish momentum. A longer-term upside target near $260.17 is also marked, but SOL remains far below that area. The first major test is thus at $106. A breakout above that level would signal that buyers have regained short-term control. Conversely, if bulls fail to defend the $80–$90 support zone, further declines toward $80 are possible.
