Solana Price Hits Key Support Zone at $81.30 Amid High Leverage Long Liquidations

Solana's price has been on a downward trend since reaching a recent high of around $96. The cryptocurrency has now fallen to trade around $89, which is approaching a critical support zone at $81.30.

The decline was triggered by a wave of liquidations of high leverage long positions, which cleared much of the forced selling pressure but left Solana needing fresh buying interest to recover.

Traders are closely watching whether Solana can reclaim $90 to signal renewed bullish momentum or continue sliding lower. If Solana holds above $81.30, it could attempt to retest resistance near $96; however, a break below this support may push the price toward deeper support levels between $72 and $78.