Solana Price Prediction: SOL Below $83, $60 Risk Ahead
Solana price remains capped under the weekly open at $83.05, with analysts tracking SOL support near $61.14. According to a weekly chart shared by BitDealer, a sharp breakdown from the prior higher range has left SOL unable to reclaim the former support area. If SOL fails to regain $83.05, downside risk keeps the $60 zone in focus.
Resistance is layered: $83.05 is the immediate weekly level to recover, followed by monthly resistance near $99.76. A rebound would also need conviction above $99.76 to signal stronger recovery.
A liquidation heatmap from CW shows high-leverage long positions built over the past month have been cleared. SOL fell from the upper $90s toward the low $80s, and bright liquidity bands under price were flushed, suggesting the recent move likely reduced leveraged long exposure. Upside liquidity is still visible near $88–$90 and higher bands in the $90s, but there is no confirmed recovery yet.
Net takeaway for traders: SOL technicals lean cautious while price stays below $83.05, with $61.14 and $60 as key downside markers. Watch for whether the market reclaims $83.05; otherwise, sellers may keep control into the next support test.
Bearish
The article highlights two bearish drivers for SOL. First, SOL is trading below the weekly open at $83.05, with resistance overhead at $83.05 and then $99.76. This keeps the market in a “need to reclaim key levels” posture rather than a confirmed recovery. Second, although high-leverage long positions have been liquidated (often bullish after a flush), the heatmap still shows stronger downside structure until buyers defend $61.14 and potentially the $60 zone.
In past similar scenarios, when price is below major weekly resistance and the market has only completed a leverage flush without reclaiming the prior level, rallies often struggle and fade at visible liquidity bands. Traders typically become reactive: defensive positioning while waiting for confirmation above $83.05, and quicker profit-taking/hedging if liquidity remains concentrated below price. Short-term, the likely path is consolidation-to-downward testing of $61.14/$60. Long-term direction depends on whether SOL can reclaim $83.05 first and then break and hold above $99.76; otherwise, the chart suggests continued lower consolidation.