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07/30 14:28

Solana longs surge 91%, but can SOL’s price stay

Solana longs surge 91%, but can SOL’s price stay above $180?

Solana longs get crowded near resistance – What’s next?Ritika3-2-768x432.webp

SOL retail longs are heavily crowded, which usually signals shaky hands if momentum stalls. Price is coiling just under key resistance, will bulls seize the moment and drive it through the ceiling?

Solana [SOL] just gave up nearly half of its monthly gains after ripping to $206, unwinding hard over the past week. Typically, that kind of retrace invites fresh short interest to fade the bounce.

But instead, retail’s piling in on the long side. 

Based on the chart, SOLUSDT’s retail long positioning is sitting in the 91st percentile, with positioning jumping from 72.68 to 75.25 in 24 hours.

That’s a sharp uptick in directional bias, with retail clearly leaning hard into longs.

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In contrast, the rest of the market looks far less stretched. ETHUSDT, for example, only saw a modest uptick from 57.12 to 58.21 over the same period, landing in the 28th percentile, well below any crowding threshold.

This divergence puts SOL at a technical inflection. Price is testing local resistance near $180, and traders have already unwound nearly 80% of long-side open interest in the past 24 hours.

With retail aggressively reloading into longs, the structure’s starting to feel top-heavy. Does this pave the way for another OI flush, or a volatility pocket that traps late shorts on a breakout?

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