📌 Analysis of Solana Liquidation Map at the Current Price Level
According to data from Coinglass, SOL is currently trading around $187.1 — right at the balance point between major Long and Short liquidation clusters.
🔴 Cumulative Long liquidations (red line) have declined sharply from the $185–$170 range, indicating that most Long positions have already been wiped out during the recent drop, which has temporarily reduced selling pressure.
🟢 On the other hand, cumulative Short liquidations (green line) are rising rapidly, forming a steep curve from $187 to above $207. This clearly signals that if SOL breaks above $190, a cascade of Short liquidations could be triggered, fueling a potential rally toward higher zones.
📍 With the current price sitting just below the Short liquidation cluster and most Longs already flushed out, SOL is at a critical decision zone:
• A breakout above $190–$192 could unlock further Short liquidations toward the $200–$207 area.
• Conversely, failure to hold above $185 may signal weakness and open the door to another technical correction.
🎯 Suggested strategy:
SOL is showing strong support near the $184–$185 zone, but confirmation of a breakout above $190 is needed before entering. Entering too early in this consolidation zone carries a higher risk of being caught in sideways movement, as neither side has shown clear dominance yet.
