Solana is trading below the $83.05 weekly open after losing its higher range, with the $61.14 support area remaining in focus. Analyst BitDealer shared a weekly chart showing SOL below key resistance levels following a breakdown from the consolidation zone that held during late 2024 and 2025. A liquidation heatmap from analyst CW shows high leverage long positions built over the past month have been cleared, leaving SOL positioned between downside risk toward $60 and potential upside liquidity near the $88 to $90 zone. The technical setup reflects SOL's loss of the former support structure, with the weekly open at $83.05 now acting as immediate resistance while the $61.14 weekly support marks the next major downside level.
BitDealer Chart Shows SOL Below $83.05 Weekly Open With $61.14 Support Target
Analyst BitDealer shared a weekly chart on X showing Solana trading below the weekly open near $83.05. The chart shows SOL also trading below the yearly open near $124.44.
The analysis shows SOL lost the orange range that held during late 2024 and 2025. The breakdown pushed price into a lower consolidation area where the former support zone has not been reclaimed.
The chart identifies the first major resistance near the weekly open at $83.05. The monthly resistance sits near $99.76 as the next level above that.
BitDealer's analysis points to the weekly support near $61.14 as the downside target. That level sits below the current range and marks the next major support zone on the chart.
CW Heatmap Confirms High Leverage Long Liquidations Over Past Month
Analyst CW shared a liquidation heatmap on X showing Solana high leverage long positions built over the past month have been liquidated. The chart shows SOL falling from the upper $90 area toward the low $80 range.
The heatmap shows heavy leverage built during SOL's earlier move higher in May. Those positions sat below the price as long liquidation zones. The bright liquidity zones below the market were cleared as price moved lower.
CW stated all high leverage long positions formed over the past month had been liquidated. The chart shows stronger liquidity bands above price, especially near the $88 to $90 area. Larger zones also appear around the mid and upper $90 range.
FAQ
What price level is Solana currently trading below?
Solana is trading below the $83.05 weekly open after losing its higher range that held during late 2024 and 2025.
What did the liquidation heatmap show about Solana leverage positions?
The heatmap shared by analyst CW showed that all high leverage long positions built over the past month have been liquidated as SOL fell from the upper $90 area toward the low $80 range.
What are the key support and resistance levels for Solana?
The weekly support sits near $61.14 as the downside target, while resistance levels include the weekly open at $83.05 and monthly resistance near $99.76.
