$SOL experienced a long liquidation event, triggering forced selling pressure as leveraged bullish positions were flushed from the market.

The liquidation-driven pullback has increased short-term volatility and pushed price into a key demand zone where buyers will need to defend support to maintain the broader uptrend.

EP
72.50 - 73.80

TP
TP1 75.50
TP2 78.00
TP3 82.00

SL
70.80

Liquidity was swept below recent support levels, removing excess leverage and creating a healthier market environment.

The selloff appears primarily driven by liquidation activity rather than a confirmed trend reversal, especially after the recent strong upside momentum seen across $SOL.

As long as buyers continue defending the demand zone and begin forming higher lows, the potential for a recovery toward higher resistance levels remains favorable.

A successful reclaim of 75.50 could attract fresh momentum and open the path toward the next liquidity targets.

The leverage reset has cleared weak hands from the market, and traders will be closely watching whether $SOL can rebuild strength from current levels.

Let’s go $SOL ‌