After a chaotic day of liquidations and panic, the crypto market is trying to steady itself. Solana quietly stood out, defending key supports and showing resilience while most altcoins crumbled. With structure holding and momentum stabilizing, participants are now wondering if this shakeout was simply a reset before the next leg higher.

Solana current price is $188.73, down -14.53% in the last 24 hours. Source: Brave New Coin

Massive Sell-Off Shakes the Market

Yesterday’s session marked one of the most volatile days of the year, with total crypto liquidations surpassing $590M in 24 hours. Both longs and shorts were wiped aggressively as sudden volatility swept through major assets, sparking forced deleveraging across the board.

Bitcoin and Ethereum led the $590M liquidation wave, triggering a sharp but potentially healthy market reset. Source: Crypto Chiefs via X

This sharp correction was led by risk-off sentiment, cascading through Bitcoin, Ethereum, and altcoins alike. Yet, despite the widespread panic, liquidity absorption suggests the market could be entering a short-term reset phase rather than a full-blown trend reversal. Events like this often leave cleaner structures for accumulation once the dust settles.

Solana Trendline Holding the Structure

Even amid the carnage, Solana showed remarkable composure. The recent drop found precision support right on the ascending trendline, maintaining its technical integrity despite market-wide liquidation pressure. Price reacted well from the $170 to $165 range, showing that buyers are still active where structure demands.

Solana’s price held firm along its ascending trendline, showing strong structural support between $170 and $165 despite heavy market pressure. Source: M-log1 via X

If momentum builds from here, M-log1 suggests a retest of $190 could unfold quickly, supported by RSI stabilization and contracting volume patterns. While sentiment remains cautious, Solana’s ability to defend its primary trendline reinforces why many still view it as one of the stronger structures among top-layer networks.

Solana Price Outperforms Peers Amid Market Turmoil

ShangoTrades noted that SOL Solana showed impressive resilience during the sell-off, not only holding stronger than BNB, one of the most talked-about coins, but also outperforming nearly all major altcoins. While many names plunged between 50–80%, Solana limited its drawdown to roughly 25%, displaying exceptional relative strength.

Solana stood out during the sell-off, limiting losses to around 25%. Source: ShangoTrades via X

This kind of performance under stress highlights the depth of liquidity and conviction behind Solana. When a market-wide flush hits and one asset absorbs pressure better than the rest, it often signals leadership potential for the next phase. If this trend continues, Solana price could emerge as one of the primary drivers once recovery momentum kicks in.

Solana Price Prediction: Structure Still Bullish on Higher Timeframes

Jelle emphasized that even though the pullback went deeper than expected, Solana’s higher timeframe chart remains structurally bullish. The broader cup-and-handle pattern still targets $600, with current price action merely retesting the neckline breakout zone for validation.

Despite the deeper pullback, Solana’s higher timeframe structure stays bullish. Source: Jelle via X

As long as the $150 to $155 region holds, Solana’s long-term uptrend remains intact. The washout phase may have flushed over-leveraged positions, resetting conditions for a cleaner advance ahead. With momentum cooling and higher lows forming, the structure continues to favor an eventual continuation rather than a breakdown.

Final Outlook: Strength in the Face of Volatility

Despite a market-wide purge, Solana’s resilience continues to stand out. It respected major technical supports, outperformed its peers, and maintained a higher timeframe structure even under heavy selling. These are characteristics of an asset that’s being accumulated rather than abandoned.

If the broader market stabilizes, the Solana price prediction points to a strong recovery ahead. The $190 level now stands as a key resistance, a breakout above it could quickly open the path toward $210 and $230, zones that previously acted as strong supply areas. Holding above $165 keeps the bullish structure valid, while reclaiming $190 would confirm that Solana’s correction phase is giving way to renewed upside momentum.

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Filed under: Bitcoin - @ October 11, 2025 8:24 pm