$SOL saw a notable long liquidation around $88.34, signaling a sharp downside sweep that cleared leveraged longs and intensified selling pressure. Price has now entered a major demand zone around $86–$88 where buyers are expected to absorb supply and slow further downside. If SOL stabilizes above this area, a rebound toward resistance at $92–$95 becomes likely, with the next upside target near $100 where liquidity and previous highs align. Long liquidation events often mark temporary exhaustion of sellers if volume decreases on further drops. A clean breakdown below $86 would expose SOL to deeper downside toward $80 before any meaningful recovery. Structure suggests cautious bounce potential from current levels. $SOL #BuyTheDipOrWaitNow?
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$SOL saw a notable long liquidation around $88.34, signaling a sharp downside sweep that cleared leveraged longs and intensified selling pressure. Price has now entered a major demand zone around $86–$88 where buyers are expected to absorb supply and slow further downside. If SOL stabilizes above this area, a rebound toward resistance at $92–$95 becomes likely, with the next upside target near $100 where liquidity and previous highs align. Long liquidation events often mark temporary exhaustion of sellers if volume decreases on further drops. A clean breakdown below $86 would expose SOL to deeper downside toward $80 before any meaningful recovery. Structure suggests cautious bounce potential from current levels. $SOL #BuyTheDipOrWaitNow?