SOL must break $106.24 to confirm recovery, or risks slipping to $80
Solana (SOL) is attempting to recover after a sharp sell-off, but traders are focused on one trigger: SOL must break above $106.24 to confirm recovery. Liquidation maps indicate heavy leverage building between $84 and $87, raising the risk of short-liquidation-driven volatility if price re-enters that zone.
Support is seen near $80–$81, while resistance is concentrated around $106. With SOL still trading inside the $80–$90 band, market structure remains fragile. The article notes that a decisive close above $106 would signal buyers regaining short-term control; without it, momentum may fade and SOL could retest the $80 area again. Longer-term targets above $260 are mentioned, but the immediate trading catalyst remains the SOL breakout versus $106.24 and how price reacts around $84–$87.
Neutral
The news is mixed for SOL. On one hand, liquidation maps highlight potential short-liquidation activity around $84–$87, which can create upside volatility if price moves into that band. On the other hand, SOL remains capped below the key resistance near $106 and is still range-bound in the $80–$90 structure, meaning rallies can stall quickly.
In the short term, traders likely treat $106.24 as the “recovery confirmation” level: a clean move above it supports a bullish continuation, while failure keeps downside risk toward $80 elevated. In the long term, higher targets (above ~$260) are mentioned, but the article’s core message is that SOL’s immediate direction depends on whether it can reclaim $106. Thus, the overall implication for SOL trading is neutral—opportunity exists for volatility, but trend confirmation still requires a breakout.