Solana traded around $105 on Friday after breaking above $97.70, a level that had capped the latest recovery and now serves as the key support for the bullish setup. The next major test sits near $120.23, while short-term liquidation data shows a heavy concentration of leveraged positions around $106-$107.
Solana Breakout Turns $97.70 Into Key Support
SOL’s daily chart shows a sharp recovery from its summer lows, followed by a clean move through $97.70 resistance. The breakout pushed Solana back above $100 and into an area last traded before the deeper sell-off earlier this year.
Solana SOL $97.70 Breakout and $120 Resistance. Source: Ucan on X
Crypto analyst Ucan said the breakout above $97.70 was holding with SOL trading around $105. The chart identifies $120.23 as the next major resistance, followed by $146.56 if buyers can extend the recovery.
The immediate question is whether SOL can keep $97.70 as support. Holding above that level would preserve the breakout and leave room for another advance toward $120.23. A pullback toward $97.70 would not necessarily damage the setup if buyers defend the former resistance and price rebounds from the area.
A break above $120.23 would strengthen the recovery by clearing another significant overhead barrier. The $146.56 level would then become the next chart objective, although that scenario requires confirmation above $120 rather than simply a brief move through it.
The downside is also clearly defined. A sustained move back below $97.70 would signal that the breakout has failed and would weaken the current bullish structure. The next major support marked on the chart is $81.35, leaving SOL exposed to a considerably deeper retracement if $97.70 gives way.
For now, $97.70 is the level that determines whether the latest rally remains intact.
SOL Liquidation Heatmap Highlights $106-$107 Pressure Zone
Solana’s immediate challenge is closer to the current market. The Binance SOL/USDT 24-hour liquidation heatmap shows one of the strongest concentrations of liquidation liquidity just above price, centered around the $106-$107 region.
Solana SOL $106-$107 Liquidation Zone. Source: CoinGlass
That concentration could make $106-$107 an important short-term level as SOL attempts to extend its breakout. A move into a dense liquidation zone can force leveraged traders out of their positions, sometimes accelerating price movement as exchanges close positions automatically.
The heatmap shows particularly strong liquidity near $106, directly above SOL’s recent trading range. If buyers push through that area and price holds above it, the market would have less visible resistance immediately overhead, bringing the larger $120.23 technical level into sharper focus.
There is also meaningful liquidity below the market. Concentrations appear around $103 and in the $101-$102 area, creating potential downside levels to watch if SOL is rejected near $106-$107.
Those lower zones become more important if momentum fades. A retreat into $101-$103 would still leave SOL above the critical $97.70 breakout level, meaning the broader setup could remain intact despite short-term volatility.
The Solana price outlook therefore remains constructive above $97.70. Clearing $106-$107 would strengthen near-term momentum and put $120.23 in focus, while a loss of $97.70 would undermine the breakout and raise the risk of a move toward $81.35.
