Solana is holding a key range while traders watch for the next clear move. At the same time, derivatives data shows fresh long interest building after the latest drop.
Solana Holds Between $80 and $95 as Higher Time Frame Levels Stay in Focus
Solana remained locked between about $80 and $95 on the three day chart, according to a chart shared by Daan Crypto Trades on X.
At the time of the post, SOL traded near $82.71 against Tether on Binance. The chart showed price moving sideways after a sharp drop earlier this year, with repeated reactions at support near the low $80s and resistance near $95.
SOL/USDT 3D Chart: Source: TradingView,Daan Crypto Trades on X
The broader structure also highlighted a former support zone around $115 to $123 that has turned into resistance. Meanwhile, a lower horizontal level near $67.23 marked the next major support if SOL loses the current range.
Daan Crypto Trades said Solana was “chopping around between $80-$95 for now” and noted that the asset was “respecting the horizontals pretty well on the higher timeframes.” That suggests the marked levels continue to guide price action.
For now, the chart shows a market without a confirmed directional break. A move above $95 could open the way for a stronger recovery, while a drop below the lower boundary could shift attention to deeper support near $67.23.
Solana Open Interest Rises as Traders Add Long Positions After Drop
Solana showed fresh signs of long positioning after a recent decline, according to a one hour chart shared by CW on X.
The chart showed SOL trading near $80.68 on Binance perpetuals at the time of the post. Price had fallen sharply toward the $80 level before stabilizing. After that move, the lower panels pointed to a pickup in open interest and net long positions, suggesting traders started adding exposure even as price remained under short term pressure.
SOL/USDT Perpetual Contract 1H Chart: Source: TradingView, CW on X
Open interest climbed back above 10 million, while the net positions indicator also turned higher. That combination can signal that more market participants are opening new positions rather than only closing old ones. In this case, the post argued that the added activity has leaned to the long side.
CW wrote that “following the decline, long position buying and OI on $SOL are increasing” and added that “buying pressure is occurring again.” The chart supported that view by showing a rebound in positioning data after the selloff, even though price had not yet broken into a stronger recovery.
Still, the setup does not confirm a trend reversal on its own. Rising open interest with growing longs can support upside momentum, but it can also increase liquidation risk if price fails to hold. For now, the chart points to renewed bullish positioning around the $80 area as traders watch whether buying pressure can push Solana higher.
