$SOL Liquidated Long: What’s Next After $38.4K Liquidation?

Solana (SOL) just faced a $38.4K long liquidation at $189.69, signaling intense market activity as bulls failed to maintain momentum.

The price is now retracing, and traders are eagerly watching the next move.

Is this a chance to buy the dip, or will $SOL correct further? Let’s break it down.

Current Market Status:

Liquidation Price: $189.69

Trend: Minor bearish retracement after a strong rally.

What’s Next for SOL?

The recent liquidation suggests weakness, but $SOL remains in a bullish structure if key support levels hold.

Buyers may re-enter at strategic zones for the next push higher.

Buy Zone, Targets, and Stop Loss:

Buy Zone: $181 - $185 (Wait for price stability or bullish confirmation in this range).

Target 1: $195 (Immediate resistance).

Target 2: $202 (Key breakout level).

Target 3: $210 (If momentum accelerates).

Stop Loss: Below $178 (To limit losses if the support breaks).

Key Levels to Watch:

Resistance Levels:

$195 (First test for bulls).

$202 (Critical breakout zone).

Support Levels:

$185 (Short-term support; strong buying interest expected here).

$178 (Critical support; breaking below may signal a trend reversal).

Final Thoughts:

SOL’s recent liquidation highlights a temporary pause in the uptrend, but the overall structure remains bullish.

Watch for a bounce from the $181 - $185 zone, as it could trigger the next leg toward $195+.

If the price breaks below $178, caution is advised as it may lead to further downside.

Pro Tip: Monitor the volume and candlestick patterns near the support zone to confirm strength.

A high-volume breakout above $195 could signal the start of a strong rally.