Solana has dropped into a key long-term support zone after a steep correction from its 2025 high. While analysts watch the $60-$40 area for accumulation, liquidity data shows a major short-po
Solana has dropped into a key long-term support zone after a steep correction from its 2025 high. While analysts watch the $60-$40 area for accumulation, liquidity data shows a major short-position cluster near $89.
Solana (SOL) has fallen nearly 80% from its January 2025 peak, bringing price back into a major support region that analyst Crypto Patel believes could become a long-term accumulation zone. The chart highlights the $60-$40 area as a critical demand zone, where previous technical levels and Fibonacci support converge.
Solana Weekly Chart (SOL/USDT). Source: Crypto Patel on X / TradingView
According to the analysis, an investor who purchased SOL near $296 in January 2025 would currently be facing a decline of approximately 79.7%, reducing a $10,000 investment to roughly $2,027. The chart uses this comparison to illustrate the magnitude of the correction from the cycle high.
The current price action is approaching a support area between roughly $52 and $72, highlighted by multiple Fibonacci retracement levels. The chart marks this region as a potential entry zone where buyers could begin accumulating after the prolonged downtrend.
Crypto Patel also points to a previous breakout-and-retest structure that preceded Solana's major rally from 2023 into 2024. The analysis suggests that similar deep corrections have historically occurred before larger trend reversals, although no confirmation of a bottom has yet appeared.
Looking further ahead, the chart outlines a long-term bullish scenario that projects a recovery toward $500 and potentially $1,000 if Solana eventually enters another major growth cycle. These targets remain speculative and depend on SOL successfully holding the current support zone and rebuilding bullish momentum.
For now, the focus remains on the $60-$40 support region. A successful defense of this area could strengthen the long-term accumulation thesis, while a breakdown below support would increase the risk of a deeper correction.
Solana (SOL) is showing unusually light long-side positioning, according to liquidity data shared by analyst CW. The heatmap suggests most traders have already reduced bullish exposure, while a major concentration of short liquidity remains near the $89 level.
Solana Liquidity Heatmap (SOL). Source: CW on X / CoinAnk
The chart tracks liquidity concentrations across different price levels. Bright zones indicate areas where large numbers of leveraged positions are clustered, often attracting price as markets seek liquidity.
According to the analysis, there are currently very few significant long-position clusters below the market. This suggests that much of the long-side liquidation has already occurred during the recent decline, reducing the amount of downside liquidity available to be targeted.
On the upside, the largest concentration of liquidity appears near $89, where a substantial number of short positions are located. If SOL begins to recover, this area could become a key target as rising prices force short sellers to close positions.
The heatmap also shows several smaller liquidity pockets between the current price region and the $89 resistance zone. However, the strongest cluster remains concentrated around that higher level, making it the primary area of interest from a liquidity perspective.
For now, the market remains below major resistance levels. However, with long positioning relatively depleted and a large short-liquidity zone sitting near $89, traders are watching whether a recovery attempt could trigger a move toward that resistance area.
