Overview
- Solana rose about 8–9% over the past week to trade near $90, putting a potential breakout at the top of traders’ watchlists.
- Momentum gauges are turning higher, with the MACD trend indicator nearing a bullish crossover and the Aroon Up meter showing stronger buyer control.
- Analysts at Brave New Coin say price has pushed through a year-long downtrend line, with a clean daily close over $90 seen as the trigger for a move toward $96–$100.
- Derivatives activity added fuel as more than $17 million in short bets were liquidated near $90, which forces buy orders and can accelerate gains.
- Risks remain because support around the $85 band could fail and send price back toward $80, and SOL still trades well below its 200-day average near $115 as on-chain use shows only modest stabilization.