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

cryptonews05-04 19:24

Solana price is approaching a critical technical setup as momentum indicators begin to flip positive, raising the possibility of a breakout above the $90 level, where bulls have struggled in recent ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan Solana price break $90 as key technicals turn bullish?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-04 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/can-solana-price-break-90-as-key-technicals-turn-bullish/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Solana price is approaching a critical technical setup as momentum indicators begin to flip positive, raising the possibility of a breakout above the $90 level, where bulls have struggled in recent ...</p>\n\n<a href=\"https://crypto.news/can-solana-price-break-90-as-key-technicals-turn-bullish/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SSK","symbol_name":"Rex-Osprey SOL + Staking ETF","start_time":0,"source_url":"https://crypto.news/can-solana-price-break-90-as-key-technicals-turn-bullish/","article_id":"2632930533","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/can-solana-price-break-90-as-key-technicals-turn-bullish/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2632930533","pubTimestamp":1777893873,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Solana price is approaching a critical technical setup as momentum indicators begin to flip positive, raising the possibility of a breakout above the $90 level, where bulls have struggled in recent weeks.Solana price trades around $86 within an $80–$92 range, with price consolidating just below key resistance near $90.According to data from crypto.news, Solana  price was trading around $86.20 at press time on May 4, up roughly 2.3% over the past 24 hours. Over the past week, the token has continued to trade within a defined range between $80 and $92, extending a consolidation phase that has persisted since mid-April.Derivatives data also points to improving sentiment. Open interest in Solana futures has started to climb again after a period of decline, while funding rates have turned slightly positive, suggesting traders are beginning to position for upside.The daily chart shows Solana continuing to trade within a narrow consolidation range just above a well-defined support zone near $","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SSK":"Rex-Osprey SOL + Staking ETF","BK7083":"煤与消费用燃料","SLON":"ProShares Ultra Solana ETF","SOL.AU":"WASHINGTON H. SOUL PATTINSON","GSOL":"Grayscale Solana Trust ETF","SOLT":"2x Solana ETF","SOLX":"T-REX 2X Long SOL Daily Target ETF","BK7105":"多领域控股","SOLZ":"Solana ETF","BSOL":"Bitwise Solana Staking ETF"},"translate_title":"随着关键技术面转向看涨，Solana价格能否突破90美元？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSOL":1.5,"SOLZ":0.9,"SLON":1.5,"SSK":1.5,"SOL.AU":1,"SOLX":1.5,"GSOL":1.5,"SOLT":1.5},"content_text":"Solana price is approaching a critical technical setup as momentum indicators begin to flip positive, raising the possibility of a breakout above the $90 level, where bulls have struggled in recent weeks.\n\n\nSummary\n\n\n\nSolana price trades around $86 within an $80–$92 range, with price consolidating just below key resistance near $90.\nSupport near $75 remains intact, while tightly clustered moving averages signal compression and a potential breakout setup.\nMomentum indicators remain neutral, with no confirmed bullish crossover yet, leaving direction dependent on a decisive move above $90.\n\n\n\nAccording to data from crypto.news, Solana (SOL) price was trading around $86.20 at press time on May 4, up roughly 2.3% over the past 24 hours. Over the past week, the token has continued to trade within a defined range between $80 and $92, extending a consolidation phase that has persisted since mid-April.\nThe broader structure still reflects recovery attempts following a steep correction earlier this year, with price stabilizing after repeatedly defending the $78–$80 demand zone.\nWhen consolidation forms just below a resistance band, it often signals accumulation, especially if momentum indicators begin to turn upward.\nRecent price action suggests that buying pressure is gradually returning. Unlike earlier weeks, where rallies were sold into quickly, dips toward the lower end of the range are now being absorbed more aggressively, indicating stronger demand at support.\nDerivatives data also points to improving sentiment. Open interest in Solana futures has started to climb again after a period of decline, while funding rates have turned slightly positive, suggesting traders are beginning to position for upside.\nOn-chain activity has shown early signs of stabilization as well. While decentralized exchange volumes remain below peak levels seen in February, the pace of decline has slowed, and daily active addresses have held steady, indicating that network usage is no longer deteriorating at the same rate.\nAt the same time, broader market conditions have become more supportive, with Bitcoin holding above key psychological levels and helping stabilize risk appetite across altcoins.\nSolana price analysis\nThe daily chart shows Solana continuing to trade within a narrow consolidation range just above a well-defined support zone near $75, which has held firmly since late March. Solana price has repeatedly tested this level, forming a short-term base, but upside attempts have lacked strong follow-through.\nCurrently, Solana is trading around the $84–$86 region, where multiple moving averages are converging. The 20-day, 50-day, and 100-day SMAs are tightly clustered, indicating compression in price action and a potential buildup for a directional move.\nSolana price, SMA, and MACD chart — May 4 | Source: crypto.news\nHowever, the broader trend remains cautious. Price is still trading below the 200-day SMA (around $116), which continues to slope downward, reinforcing that the higher timeframe structure has not yet flipped bullish.\nMomentum indicators reflect indecision rather than strength. The MACD is hovering near the neutral line, with both the signal and MACD lines flattening and the histogram printing small bars. This suggests weakening momentum and a lack of clear directional bias.\nImportantly, there is no confirmed bullish crossover yet on the key moving averages. While shorter-term averages are attempting to turn upward, they have not decisively crossed in a way that signals a strong trend reversal.\nOn the upside, immediate resistance sits near $88–$90, which aligns with recent rejection zones and the upper boundary of the current range. A clean daily close above this region would be required to confirm a breakout, potentially opening the door toward $95–$100.\nOn the downside, failure to hold the current range could bring another test of the $75 support zone. A breakdown below this level would invalidate the base structure and could trigger a sharper move lower.\nFor now, Solana remains range-bound with neutral momentum, and while early signs of stabilization are visible, a confirmed breakout above $90 is still needed before calling a sustained bullish shift.\n\n\n\n\n\n                Read more:\n            \n\n                GameStop targets eBay in $55.5B deal as Cohen takes aim            \n\n\n\n  \n\n            Disclosure: This article does not represent investment advice. 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