Solana (SOL) stays under $100 for 90 days as on-chain strength persists
Solana (SOL) has spent 90 consecutive days below $100, its longest stretch since 2020. SOL is around $84.94 (+1.32% in 24h) with daily volume near $3.05B and market cap about $48.96B.
Traders are focused on technical levels for SOL. Resistance is at $86, followed by $88–$90. A sustained break above $90 would signal buyers are regaining control. Support sits at $83–$84; losing it could drag SOL toward $78–$80.
Momentum remains pressured because SOL is still capped under the 50-day EMA (around $86–$88), which can keep rallies forming lower highs. A stronger bull signal would be reclaiming the uptrend line together with the 50-day EMA.
Despite the weak price, on-chain data for SOL remains strong. In Q1 2026, Solana logged over $10B in on-chain payments and about 10.1B transfers, fueling a “price-use disconnect” narrative that could support a later recovery.
Relative strength remains a key watch item. SOL/BTC is still in a broader downtrend, and until SOL breaks above that resistance, SOL may continue to underperform Bitcoin. Longer-term optimism is tied to SOL first holding above $90 and then pushing through $100.
Neutral
SOL is bearish in the short term because it has remained under $100 for months and is still capped below the 50-day EMA, keeping rallies vulnerable and SOL/BTC weak in relative terms. However, the news is not fully bearish: on-chain activity for SOL is robust, suggesting fundamentals may support a later rebound. Traders are likely to stay cautious until SOL clears $90 (and then $100) and shows improvement versus BTC; until then, price weakness can persist despite strong usage.