Solana price is approaching the key resistance level of $90 as the MACD histogram is turning positive, indicating that the short-term momentum may shift in favor of buyers.
Summary
- Solana is trading around $84.53 while approaching the key resistance level near $90
- The MACD histogram has turned positive, indicating a short-term bullish trend.
- A breakout could push the price to $95–$100, while a rejection could bring it back to support near $85 or $78.
Solana (SOL) was trading around $84.53 at the time of writing, down about 6.5% in the last 24 hours. The crypto market has cooled off after rallying for a while, but Solana is still holding close to the upper end of its weekly range of $77.47 to $93.40.
In the past month, the token has lost about 10% of its value and remains about 70% below its January 2025 high of $293.
Commercial activity has decreased. According to CoinGlass data, the volume of outflows decreased by 17% to $ 13 billion, and open interest decreased by 5.5% to $ 5 billion. This suggests that some traders are retreating from high positions as volatility continues.
Analyst’s view of Solana
Still, there are signs of temporary optimism. Analysts say that if buying pressure builds, Solana could test the $95–$105 range in the coming weeks. A break above $100 is possible, although the market is still cautious, and price movements continue to be sharp.
Traders’ expectations are mixed. Some traders expect Solana to move above $110, while others think it may be difficult to stay above $100 in the near term.
Network activity was strong. Many institutions are investing in Solana products, and work on DeFi, stablecoins, and memecoins continues. Payment options using USDC are also growing on Solana, indicating that the network is being used for real-world transactions, not just trading.
The stablecoin market, now worth more than $300 billion, could help Solana’s growth. Stablecoins are increasingly used in cross-border payments, derivatives, and everyday transactions.
Analysts also see long-term potential in tokenized assets, which could grow significantly in the coming years.
Solana price technical analysis
Solana is approaching $90, the main level of resistance that has caused selling in recent weeks. The MACD histogram has turned positive, indicating a short-term momentum build-up.
The price is close to the 20-day moving average, which shows some stability, but it is still below the 50-day moving average, so the medium-term trend is not yet strong.
Volatility may increase. Bollinger bands begin to widen after a quiet period, which is usually a sign that larger prices may be coming. If Solana breaks and closes above $90 on strong volume, the next target would be $95 to $100.
On the other hand, a rejection here could see it move back to $85, with strong support around $78. Right now, $90 is a critical level. How Solana reacts may determine whether he sees a breakout or remains in another trading period on the sidelines.
