SOL's Sweet Spot: Stuck Between $80-$95 While Longs Quietly Stack

Solana is doing that thing it does best—sitting pretty in a range while everyone tries to figure out what's next. On the three day chart, $SOL is locked between roughly $80and $95, with Daan Crypto Trades pointing out the tight consolidation on X. At time of post, $SOL was hanging around $82.71 against Tether on Binance.

The chart shows price going sideways after taking a beating earlier this year, bouncing off support near the low $80s and hitting resistance around $95 like it's a brick wall. That former support zone at $115 to $123? Now it's resistance—because that's just how crypto works. Down below, $67.23 is waiting as the next major support if things go sideways.

Daan Crypto Trades put it simply: Solana is "chopping around between $80-$95 for now" and noted the asset is "respecting the horizontals pretty well on the higher timeframes." Translation: these levels matter and price is paying attention.

No breakout yet. Above $95 could mean recovery mode. Below the current range? Say hello to deeper support near $67.23.

Meanwhile, the derivatives crew is making moves. According to a one hour chart from CW on X, $SOL was trading near $80.68 on Binance perpetuals after price stabilized following a sharp drop. The interesting part: open interest climbed back above 10 million and net long positions started ticking higher.

CW noted that "following the decline, long position buying and OI on $SOL are increasing" with "buying pressure occurring again." So traders are adding exposure even though price hasn't broken out yet.

It's not a confirmed reversal—rising OI with more longs can fuel upside, but it also means more liquidation fuel if price dips. For now, the message is clear: bulls are circling the $80 area, watching to see if buying pressure can push Solana higher.