Solana is trading near $82 after losing key support levels on the daily chart. Two analyst charts show SOL stuck between $80 support and a heavy $87 to $88 resistance zone, where leveraged shorts could shape the next move.
Solana Price Faces $87-$88 Resistance as Leveraged Shorts Build
Solana is trading near the $82 area as analyst CW says SOL has high-leverage short position resistance zones at $87 and $88.
The chart shared on X shows a CoinAnk liquidation heatmap, with bright liquidity bands above the current SOL price. These zones suggest traders are watching the $87 to $88 range as the next major upside resistance area.
Solana Liquidation Heatmap. Source: CW on X
The chart shows SOL falling from the upper $80 range before finding support near $80. Price then bounced toward the $82 to $83 area, but it remains below the heavy liquidity zone marked between $87 and $88.
CW said the $87 and $88 levels hold high-leverage short position resistance. That means short sellers have positions clustered around those levels, creating a key area for price reaction.
If SOL moves higher, the $87 to $88 zone could act as resistance first. Sellers may try to defend that area because it sits above the current range and near previous price reactions.
However, if SOL breaks through the zone, short liquidations could add volatility. When leveraged shorts close quickly, buying pressure can increase for a short period.
The lower support area sits near $80 to $81 on the chart. SOL needs to hold above that range to keep the short-term recovery structure active.
If price loses that support, the chart could shift focus back toward the lower liquidity bands near $78 to $79. That would weaken the current bounce attempt.
For now, CW’s chart puts Solana between nearby support around $80 to $81 and major short-position resistance at $87 to $88. A move into that upper zone would test whether buyers can force short sellers out of position.
