The post Inside Solana’s breakout – Why THIS wedge matters more than you think appeared on BitcoinEthereumNews.com.

Key Takeaways What supports the Solana breakout case? SOL held $200 support with $35.55 million Exchange Outflows, signaling accumulation and strengthening breakout momentum. Where could volatility strike next? Liquidation Heatmap showed clusters at $205–$215, levels likely to spark sharp swings in Solana price. Solana [SOL] defended its ascending support trendline, bouncing sharply near the $200 mark to reestablish a key consolidation phase.  The price action reflected strength, as the market attempted to recover from a corrective dip that previously dragged SOL below $210.  Buyers positioned along the wedge structure eyed $260 and $300 as upside targets. Even so, failure to hold momentum could drag SOL toward $190. Source: TradingView Bullish dominance keeps momentum alive Binance market positioning showed long accounts at 72.91%, while shorts held just 27.09%. That skew reinforced bullish bias. Such imbalances often fuel upside but can also magnify risk. A sharp reversal might trigger mass liquidations of overleveraged longs. For now, speculative conviction continues to underpin Solana’s structure, but traders must remain aware that sentiment-driven extremes often precede volatile market swings. Source: CoinGlass $35.55 million leaves spot markets Exchange Netflows at press time recorded -$35.55 million, signaling accumulation as holders withdrew tokens from spot venues. Persistent outflows reduce sell pressure and support the bullish narrative. On top of that, these movements highlight growing conviction in Solana’s prospects, particularly as inflows remain muted across most exchanges. Nevertheless, such tightening supply dynamics must be matched with consistent demand, or otherwise, price gains risk stagnation at critical resistance levels like $260 before broader continuation unfolds. Source: CoinGlass Liquidation heatmap warns of danger zones for Solana The Liquidation Heatmap identified liquidity clusters near $205 and $215, marking areas where leveraged traders could face liquidation triggers.  These zones act as short-term magnets for price volatility, with potential to accelerate swings once breached. …

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Filed under: News - @ September 30, 2025 5:27 am