Solana Price Analysis: Wyckoff Spring Targets $120 Liquidity Break
TLDR
- SOL forms a Wyckoff spring, regaining range support after a sell-side liquidity sweep.
- The liquidity heatmap indicates that $120 acts as a magnet, with stops and momentum concentrated above.
- The weak follow-through selling implies that the bearish momentum is waning after consolidation.
- The weekly demand near $120 remains crucial for maintaining Solana’s broader bullish cycle.
Solana (SOL) has entered a technically delicate phase as recent price movements signal a potential structural reset following a sharp corrective move. Multiple charts spotlight a possible Wyckoff spring, tightening liquidity conditions, and a critical weekly demand test near $120. Together, these elements position the Solana price at an inflection point that could determine its next directional shift.
Solana Price Reclaims Structure After Wyckoff Spring
According to analyst Ardi, the Solana price recently formed a Wyckoff-style spring after briefly breaking below range support. The price dropped beneath the consolidation range, triggering sell-side liquidity before rapidly reclaiming the demand zone. This rapid recovery suggests absorption of supply rather than sustained breakdown pressure.
Most importantly, the reclaim is notable because it followed weeks of sideways consolidation. Such extended ranges often carry distribution risk, but the downside deviation changed that story. In Wyckoff terms, the behavior aligns with a Phase C spring transitioning towards a Phase D markup attempt.
Technically, the structure now hinges on holding the reclaimed support. As long as higher lows continue to form above the range floor, the setup favors continuation towards prior resistance. A failure to maintain this level would invalidate the spring thesis and restore downside risk.
Liquidity Heatmap Highlights $120 Resistance Magnet
Meanwhile, analyst CW focused on liquidity dynamics shaping near-term price behavior. The shows a thick liquidity band above, closely aligned with short-position resistance. Historically, the Solana price tends to gravitate towards such zones once selling pressure subsides.
Additionally, the recent stabilization after the sell-off indicates that the bearish momentum is weakening. Volatility compression near lower liquidity pockets often precedes expansion, as market makers rebalance exposure. The lack of aggressive follow-through selling suggests that bears are having trouble extending control.
The analyst noted that a decisive break into higher liquidity could speed up movement towards the $120 zone. Once the price enters that band, stop triggers and momentum participation often reinforce continuation. Until resistance is cleared, however, rotational price action remains possible.
Weekly Demand Zone Tests Solana Price Cycle Strength
Furthermore, analyst Cyril-DeFi places the current action within a broader weekly framework. The Solana price has retraced into a long-standing demand near $120, a level that previously powered major upside expansions. This zone holds both structural and psychological significance.SOURCE: X
Historically, elevated trading volume has emerged whenever the price enters this zone. That behavior signals institutional interest rather than passive trading. Importantly, the pullback follows an extended uptrend, which aligns with healthy cycle behavior rather than trend failure.
From a macro perspective, maintaining this demand preserves the bullish structure. A sustained weekly close below it would imply a deeper corrective phase. However, stabilization and higher lows here keep the probability tilted towards future expansion later in the cycle.