SOL/USD Data: $80 Reclaim Backed by $18M Whale Leveraged Long as Support Holds

Solana (SOL) has climbed back above the $80 mark, reclaiming a key resistance level after a whale wallet opened a heavily leveraged long position worth roughly $18.81 million, according to AMBCrypto. The recovery has coincided with a majority of top traders on Binance holding bullish positions, though analysts warn the same crowded positioning could amplify a downturn if support fails.

Whale opens 20x long as SOL rebounds

A newly funded wallet drew attention from on-chain trackers after opening a 20x leveraged long position of 230,583 SOL, valued at $18.81 million. Within a day, the trade had produced more than $818,000 in unrealized profit, according to data from Lookonchain cited by AMBCrypto.

The whale’s liquidation price sits at $67.14, leaving a meaningful buffer beneath current trading levels. Still, the outsized bet reflects growing confidence among leveraged participants rather than confirmation that SOL’s rally will continue, the report noted.

Top traders lean bullish, but crowding raises risk

Binance data showed 64.71{d19616a33d455f7215be86882b84de16bc0d6d703bafb84e8d0ba56683c22428} of top trader accounts held long positions on SOL, against 35.29{d19616a33d455f7215be86882b84de16bc0d6d703bafb84e8d0ba56683c22428} holding shorts, pushing the Long/Short Ratio to 1.83, according to AMBCrypto. That distribution aligns with the whale’s newly opened trade and points to a clear bullish tilt among professional traders.

However, concentrated long exposure also raises the risk of a sharp reversal. Because many leveraged positions share similar liquidation levels, even a modest price decline could trigger a wave of forced closures that accelerates selling pressure.

Price structure points toward $88, but $80 is critical

SOL recovered above its former resistance at $78.50 and traded near $81.30, confirming buyers had regained control after defending support at $67.39, per AMBCrypto’s analysis of TradingView data. The token is now approaching the next resistance zone around $88.10.

The 14-day RSI climbed to 64.41, above its 50.60 signal average, indicating strengthening buying pressure without entering overbought territory above 70. The recent price action has also formed a sequence of higher lows following June’s sharp decline, reinforcing the broader recovery structure. SOL would need to clear $88.10 before opening a path toward the major resistance near $100.87, a level where sellers have repeatedly regained control in past rallies.

Liquidation cluster near $80 leaves rally fragile

A Liquidation Heatmap cited by AMBCrypto identified the largest concentration of leveraged liquidity sitting around $80, less than 2{d19616a33d455f7215be86882b84de16bc0d6d703bafb84e8d0ba56683c22428} below SOL’s current market price. That places the recovery on shaky footing, since any decisive break below support could quickly cascade into further selling.

Should bears push SOL down 5{d19616a33d455f7215be86882b84de16bc0d6d703bafb84e8d0ba56683c22428} over the weekend, the token could fall toward $77.20, sweeping through the $80 liquidity cluster before hitting additional liquidation pockets below. With nearly two-thirds of top trader accounts already positioned long, a break beneath $80 could amplify volatility rather than produce an orderly pullback, according to the report.

For now, SOL appears more likely to extend its recovery than face an immediate rejection, having already reclaimed $80 and continued attracting aggressive leveraged positioning. That bullish structure, however, remains dependent on holding the $80 level — unless bears force a break below it, the path toward $88.10 remains the more probable near-term scenario.

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