Long

bullish

Major

Solana

<p><a href="https://en.coin-turk.com/new-validator-client-poised-to-enhance-solanas-performance-despite-recent-challenges/" rel="noopener noreferrer nofollow">Solana</a> has entered a critical support zone after plunging dramatically from its record high at the start of 2025. Market analysts are now closely tracking the range between 60 and 40 dollars, pointing to this area as a pivotal accumulation zone for the long term. Meanwhile, recent liquidity data has highlighted a striking cluster of short positions concentrated around 89 dollars, further shaping investor strategies.</p>
<h2 id="long-term-support-zone-comes-into-focus">Long term support zone comes into focus</h2>
<p>According to market data, SOL has fallen by roughly 80 percent since reaching its peak in January 2025. Analyst Crypto Patel identifies the 60 to 40 dollar range as a major long-term accumulation zone on the weekly chart, where previous technical levels converge with Fibonacci supports to form a significant area of demand.</p>
<p>The analysis draws attention to the sheer magnitude of the decline: for example, an investor who purchased SOL near the 296 dollar mark in January 2025 would currently face a loss of nearly 79.7 percent, turning a 10,000 dollar investment into just about 2,027 dollars. This striking comparison highlights the severity of the recent correction.</p>
<blockquote>
 <p>“The 60 to 40 dollar range stands out as the main support region for Solana in the long-term outlook,” Crypto Patel emphasizes in his latest assessment.</p>
</blockquote>
<p>Currently, price action is hovering close to a support area defined between approximately 52 and 72 dollars. Charts highlight this stretch as a potential entry point where buyers could begin accumulating positions after an extended downtrend.</p>
<p>Patel also recalls that a similar pattern of breakout and retest was observed before Solana’s robust rally from 2023 to 2024. However, he cautions that there is still no definitive confirmation signaling that a bottom has been formed in the current scenario.</p>
<h2 id="scenarios-for-500-and-1-000-dollars-remain-speculative">Scenarios for 500 and 1,000 dollars remain speculative</h2>
<p>Looking ahead, some projections suggest Solana could potentially rally toward 500—and even 1,000—dollars in a renewed growth cycle. Nevertheless, analysts repeatedly stress that these targets remain speculative for now and would require the current support zone to hold, along with a clear resurgence of bullish momentum.</p>
<p>In the short term, all eyes remain on the 60 to 40 dollar band. Preserving this range would reinforce the long-term accumulation thesis, while a breakdown below it could open the door to deeper corrections and increased downside risk.</p>
<h2 id="liquidity-map-highlights-the-89-dollar-level">Liquidity map highlights the 89 dollar level</h2>
<p>Separate liquidity analyses shared by the analyst known as CW indicate that bullish positioning in Solana has dropped off sharply. Heatmaps reveal that many investors have reduced their exposure to upward moves, with a significant cluster of short liquidations piling up around the 89 dollar mark.</p>
<p>For context, a liquidity map is a visual tool that shows where leveraged orders and liquidation pressures concentrate at specific price levels. The brightest zones signal areas where price movements are frequent and where large position closures could be triggered.</p>
<p>CW’s analysis notes that meaningful clusters of long positions, which would typically support upward moves, are scarce below the current price. This suggests that the recent selloff may have already flushed out many of the bullish positions, leaving fewer long liquidations as potential targets if the market were to fall further.</p>
<p>On the upside, the highest concentration of liquidity now sits around 89 dollars. Should the SOL price begin to rebound, investors carrying short positions may be forced to close out, making this zone a key target for any potential upside surges.</p>
<p>The post <a href="https://en.coin-turk.com/solana-plunges-nearly-80-percent-from-peak-what-are-the-key-levels-investors-are-watching/" rel="noopener noreferrer nofollow">Solana plunges nearly 80 percent from peak! What are the key levels investors are watching?</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana plunges nearly 80 percent from peak! What are the key levels investors are watching?

Table of Contents

COINTURK NEWS

Other articles published on Jun 7, 2026

Join our free newsletter for daily crypto updates!