Solana Price: Can SOL Break $90 Resistance and Spark a Bullish Rally?

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Can Solana price break $90 as key technicals turn bullish?

Solana’s price is nearing a key technical point, with indicators suggesting growing positive momentum. This could lead to a breakout above $90, a price level Solana has had difficulty surpassing recently.

Summary

  • Solana price trades around $86 within an $80–$92 range, with price consolidating just below key resistance near $90.
  • Support near $75 remains intact, while tightly clustered moving averages signal compression and a potential breakout setup.
  • Momentum indicators remain neutral, with no confirmed bullish crossover yet, leaving direction dependent on a decisive move above $90.

On May 4th, Solana (SOL) was trading at around $86.20, a gain of about 2.3% over the previous 24 hours, according to crypto.news. The token has been fluctuating between $80 and $92 for the past week, continuing a period of stability that began in mid-April.

The price is still generally recovering after a significant drop earlier in the year, and has found support around the $78–$80 level, indicating stabilization.

If a stock price stabilizes just under a resistance level, it often suggests that buyers are stepping in, particularly if indicators show increasing positive momentum.

The market is showing signs of a comeback, with buyers starting to regain control. Unlike in recent weeks, when price increases were often followed by selling, current dips in price are being met with stronger buying, suggesting increased demand and a solid base of support.

Trading data suggests growing optimism about Solana. More traders are starting to bet on its price increasing, as shown by a rise in open interest for Solana futures and slightly positive funding rates after a recent dip.

We’re starting to see some positive signs in blockchain activity. Although trading volume on decentralized exchanges hasn’t returned to its February highs, the recent decrease has slowed down. Plus, the number of people actively using the network each day has remained stable, suggesting things aren’t getting worse as quickly.

Recently, the overall market has improved, with Bitcoin staying above important price points. This has helped calm investors and stabilize prices for other cryptocurrencies, known as altcoins.

Solana price analysis

Solana’s price continues to move within a tight range, staying just above a strong support level around $75, which has been in place since late March. While the price has tested this level multiple times, establishing it as a base, attempts to move higher haven’t gained much momentum.

Solana’s price is currently between $84 and $86, and several key moving averages are coming together. The 20-day, 50-day, and 100-day Simple Moving Averages are very close to each other, which suggests the price hasn’t been moving much lately and could soon make a significant move in either direction.

Despite some recent positive movement, the overall outlook is still careful. The price remains below the 200-day Simple Moving Average, currently around $116, and this average is still trending downwards, suggesting a long-term bullish trend hasn’t started yet.

Momentum indicators aren’t showing a clear trend, suggesting uncertainty in the market. The MACD is stuck around the zero line, with its lines becoming flat and showing very little change. This points to fading momentum and a lack of a strong buying or selling signal.

Currently, the main indicators haven’t shown a clear signal that prices are about to rise. Although some shorter-term indicators are starting to point upwards, they haven’t crossed above the longer-term averages in a way that confirms a significant change in trend.

The price faces initial resistance between $88 and $90, an area where it previously struggled to move higher, and also marks the top of its current trading range. A strong daily close above $90 would signal a breakout and could lead to further gains, potentially reaching $95 to $100.

If the price falls below its current level, it could retest the $75 support level. Breaking below $75 would suggest the current pattern is no longer valid and could lead to a more significant price drop.

Currently, Solana’s price is staying within a predictable range, and while it looks like it might be starting to stabilize, it needs to convincingly break above $90 before we can confidently say it’s entering a longer-term upward trend.

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2026-05-04 14:24