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Solana has cleared much of the liquidity below, but buyers still need to reclaim $76.60 to confirm a stronger recovery. Holding above that level could open the way toward $80, $98 and eventually $118-$128, while a break below $73 may send $SOL back toward $60-$65.
Solana Clears Downside Liquidity as $74 Comes Into Focus
Solana has reached the $74 area after moving through several liquidity clusters below price. With much of that downside liquidity now cleared, the next move may depend on whether buyers can defend the current zone.
$SOL liquidity heatmap. Source: More Crypto Online/X
The heatmap shows strong trading activity between roughly $73 and $75, where $SOL is now attempting to stabilize. Clearing liquidity does not automatically trigger a reversal, but it can reduce the immediate incentive for price to continue falling.
The largest liquidity clusters above price appear near $79-$81 and around $84-$86. A recovery above $75 could therefore attract price toward the $80 region, although former support may act as resistance during the rebound.
The bearish case remains active if $SOL fails to hold $73-$74. A sustained breakdown could expose the liquidity near $70, while a reclaim of $75 followed by stronger buying would improve the short-term structure.
Solana Faces a Make-or-Break Test at $76.60
Solana is testing the lower edge of its former trading range after recovering from a drop into the low-$60 area. Holding and reclaiming $76.60 could turn the recent breakdown into a false move and support a stronger recovery.
$SOL daily chart. Source: Michaël van de Poppe/X
The chart shows $SOL briefly falling below its multi-month range before moving back toward the range floor. This type of deviation can become bullish when price quickly reclaims the lost level and proves that sellers could not maintain control.
A firm move above $76.60 could first send $SOL toward the mid-$80 area, followed by the range high near $97.89. Breaking that resistance would confirm broader expansion and could open the way toward the projected $118-$128 target zone.
However, the setup remains fragile while $SOL trades below the reclaim level. A sustained break under $73 would weaken the recovery and increase the chance of another test of the June lows near $60-$65.