Solana (SOL) Reaches Key Buy Zone, Echoing Past Rally Catalysts

TLDR

• SOL is currently trading in the $80–$85 range, a price band that ignited substantial rallies in prior market cycles.
• A liquidation heatmap reveals that short-selling pressure is building in the $84 to $87 zone.
• The key level to monitor is $106.24; a breakout above this mark will signal a return of bullish market momentum.
• Analyst Crypto Patel has noted that SOL is back at the same buy zone that drove a 2,200% price surge during the last cycle.
• A large triangle chart pattern could lead to a breakout targeting $250–$300 if buyers maintain the support level.

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(SeaPRwire) –   At the time of this writing, Solana is trading close to $80 to $85, a range that has been a pivotal level in previous market cycles. The cryptocurrency has fallen more than 70% from its 2025 all-time highs before returning to this trading band.

This is not the first time SOL has traded in this range. In 2021, its price rose from just a few dollars to over $250. Following a sharp downturn in 2022, it dipped to nearly $10, rebuilt its position, and then rallied to new highs near $290 during the subsequent market cycle.

Crypto Patel, a widely followed analyst on the X platform, directly highlighted this development. In a recent post, Patel shared: “$SOL is back at the same buy zone that pumped it 2,200% last cycle. Will it hit $1000 in alt season?” This tweet references a pattern that has repeated across multiple market cycles, where this price range has acted as a launchpad for large upward price movements.

$SOL Is Back At The Same Buy Zone That Pumped It 2,200% Last Cycle.

Will It Hit $1000 In Alt Season? pic.twitter.com/C1tvo3xyx9

— Crypto Patel (@CryptoPatel) May 2, 2026

Key Levels to Watch

A SOL liquidation heatmap shared by CoinAnk shows that short positions are accumulating in the $84 to $87 range. The price dipped to roughly $81 before rebounding toward that upper cluster of positions. Liquidation heatmaps track the price levels at which leveraged trading positions could be automatically closed out if the market moves to those levels.

Analyst Don has shared a chart showing $106.24 as the next critical level that SOL needs to reclaim. Until this level is cleared, the chart does not indicate a confirmed return of bullish momentum. For prices above $106, the next upside target is $260.17, though this remains well outside of the current trading range for now. If buyers fail to hold the current support zone, the chart points to a potential pullback to $80 or lower.

$SOL needs to get above the $106 to enable full bull mode again.

right now it looks like $80 is on the table again, but I expect bulls to step in and defend. pic.twitter.com/YzOQ6IsWOo

— Don (@DonWedge) April 30, 2026

Triangle Pattern Adds More Pressure

Analyst Javon Marks shared a chart showing SOL trading within a large triangle pattern. This formation features lower highs and higher lows that have taken shape over an extended period, a structure that typically compresses price action ahead of a larger market move.

Broadening Formation present in solana:So11111111111111111111111111111111111111112!

With prices right at support of this pattern, there’s potential Solana pushes right off towards the high $300 price points… pic.twitter.com/tq4fY9lcTp

— JAVONMARKS (@JavonTM1) May 1, 2026

Solana is currently trading near the lower edge of this triangle pattern, between roughly $75 and $85. If buyers defend this support level, the breakout targets are projected to land around $250 to $300. A break below the mid-$60s, however, would weaken the pattern and shift focus to the $45 price level.

At the time of writing, SOL is still holding within the current support zone between $80 and $90, with $106.24 remaining the next major level for bulls to reclaim.