Solana – How THESE levels could define SOL’s next price move
2025-07-10 22:09:48

Main Idea
Solana's price movement is being influenced by whale activity, technical patterns, and derivatives market sentiment, with key levels at $153 and $159 potentially dictating short-term trends.
Key Points
1. Solana's breakout from a cup and handle pattern suggests a potential climb toward the next resistance at $184.82 if the neckline breach at $155.76 holds.
2. A trader deposited $4 million USDC into Hyperliquid and went long with 10x leverage at an entry of $153.79, indicating strong belief in SOL's upward movement.
3. Derivatives data from Binance shows 61.72% of accounts are long on SOL/USDT perpetuals, reflecting bullish sentiment but also potential vulnerability to volatility.
4. Spot trading volume has declined despite the bullish setup, which could either be a pause before volume returns or an early sign of hesitation.
5. Liquidation clusters around $153 and $159 are critical levels; a move above $159 could trigger short liquidations, while a dip below $153 might flush out over-leveraged longs.
Description
Solana’s whale-backed breakout may gain momentum if it overcomes liquidation zones and volume weakness.
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