Solana Near $90 as Bullish MACD Crossover Eyes $100 Breakout
Solana (SOL) is trading near $89.9 after rising almost 9% in a week, but heavy resistance remains around the $90 level. The article highlights a developing bullish MACD crossover, with MACD lines nearing a bullish cross, while Aroon Up jumps toward 100 and Aroon Down fades—signals that momentum is gradually shifting back in buyers’ favor.
Key levels for traders are clear. A daily close above $90 could extend gains toward $97–$100, including the psychological $100 mark. If Solana fails to hold the area around $85—where moving averages cluster and compress—the downside risk increases for a retest near the $80 support zone.
The latest update also points to improving broader risk appetite, stabilizing chain activity, and a modest recovery in futures open interest. That mix can support follow-through if a breakout above $90 is confirmed. However, the larger trend stays cautious because SOL is still below the 200-day SMA near $115.
Bullish
Bullish near-term bias, because SOL shows improving momentum (MACD crossover building, Aroon Up rising) and traders have a well-defined trigger: a daily close above $90. If that occurs, the path to $97–$100 becomes more probable, supported by the reported stabilization in sentiment/chain activity and a modest recovery in futures open interest.
Downside protection is also clear: failure to hold the $85 moving-average cluster would likely invalidate the breakout thesis and increase odds of a move back to the $80 support zone. On longer timeframes, the setup remains conditional since SOL is still below the 200-day SMA near $115, so traders may treat any breakout attempt around $90–$100 as higher-risk until the higher-timeframe trend improves.