Solana (SOL) traded near key resistance levels in recent sessions as market momentum showed early signs of strengthening. The cryptocurrency hovered within the $80–$90 range, with traders closely watching whether buying pressure could drive a sustained move above the $90 threshold.
Rising trading activity, tightening price ranges, and improving market sentiment placed SOL in focus as investors assessed the likelihood of a breakout toward higher resistance zones.
According to CoinMarketCap, at the time of writing, SOL currently sits at $89.33. The daily trading volume of the token is around 6.76 billion, and the market cap has exceeded 51.39 billion.
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Solana Tests Key $90 Resistance Zone
The token continued trading within a consolidation band between approximately $80 and $90, with the upper boundary acting as a major resistance level. Latest price action showed multiple attempts to approach the $90 mark, indicating growing market interest around this psychological threshold.
Technical analysis suggested that the $86 to $90 region represented immediate resistance, where earlier rallies had struggled to maintain momentum. A successful breakout above this range could shift sentiment and potentially open the path toward higher price targets near $98 to $100.
Market reports suggested that the altcoin has lately pushed close to the $90 level during upward moves, reinforcing its role as a critical technical barrier for bullish continuation.
Volume Growth and Market Signals Support Momentum
Solana’s price chart reveals a downward momentum, and it could climb toward the resistance (blue) at around $90.24. Assuming the bullish pressure occurs, the golden cross might emerge and send the price up to test the $92 range.
If a reversal continues, the bears might push down the SOL’s price to the support (yellow) at $88.31. In case the downside correction gains more traction, the death cross could form, and likely drive the asset’s price to a low of $88 or even lower.
The relative strength index (RSI) shows DOGE being over-bought as the RSI line is above the 50 median. The moving average convergence divergence (MACD) indicator shows the coin experiencing a bullish momentum as the MACD line (blue) is above the signal line (orange).
According to the data given by CoinCodex, the 200-day simple moving average in the long run is projected to reach $ 128.30. The 50-day simple moving average (SMA) in the short term is projected to reach $ 85.80. All these figures reflect a gradual but certain movement towards the higher ground.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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