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Solana shows a monthly buy signal amid $13M long liquidation losses, eyeing $500 long-term target if key support holds.

Technical Signals
20 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Solana (SOL) is trading around $75 with a recent monthly TD Sequential "9" buy indicator suggesting a potential macro trend shift after a prolonged downturn. Despite a 5.9% weekly decline, the asset maintains a 2.6% monthly gain and a long-term price target of $500, contingent on staying above the 0.5 Fibonacci retracement support. Recent market liquidations hit $14.37 million, mostly from long positions losing $13.06 million, indicating short-term bearish pressure. Key resistance at $77.35 and support between $70-$75 will be critical to watch for confirming a bullish reversal or further decline.

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