Solana is trading near $82 as analyst CW identifies high-leverage short position resistance zones at $87 and $88. The analysis is based on a CoinAnk liquidation heatmap shared on X showing bright liquidity bands above the current SOL price, with the $87 to $88 range marking the next major upside resistance area. CW said the resistance exists because short sellers have positions clustered around those levels, creating a key area for price reaction within Solana's current technical structure between $80 support and upper resistance.
CW Identifies $87-$88 Resistance Zone on Liquidation Heatmap
The chart shared by CW on X shows a CoinAnk liquidation heatmap with bright liquidity bands above the current SOL price. The chart shows SOL falling from the upper $80 range before finding support near $80. Price then bounced toward the $82 to $83 area, but it remains below the heavy liquidity zone marked between $87 and $88.
CW said the $87 and $88 levels hold high-leverage short position resistance. That means short sellers have positions clustered around those levels, creating a key area for price reaction. The $87 to $88 zone sits above the current range and near previous price reactions.
The heatmap structure shows that if SOL breaks through the zone, short liquidations could add volatility. When leveraged shorts close quickly, buying pressure can increase for a short period.
SOL Holds $80-$81 Support After Bounce from Lower Range
The lower support area sits near $80 to $81 on the chart. SOL needs to hold above that range to keep the short-term recovery structure active. The chart shows SOL found support near $80 before bouncing toward the $82 to $83 area.
If price loses that support, the chart could shift focus back toward the lower liquidity bands near $78 to $79. CW's chart puts Solana between nearby support around $80 to $81 and major short-position resistance at $87 to $88.
FAQ
What resistance levels did analyst CW identify for Solana?
Analyst CW identified high-leverage short position resistance zones at $87 and $88 based on a CoinAnk liquidation heatmap shared on X. CW said short sellers have positions clustered around those levels, creating a key area for price reaction.
Where is Solana's current support zone according to the chart?
The lower support area sits near $80 to $81 on the chart. SOL found support near $80 before bouncing toward the $82 to $83 area, and needs to hold above that range to keep the short-term recovery structure active.
