Solana could smash $100 as bullish MACD crossover looms

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Can Solana price break $100 as bullish MACD crossover approaches?

Solana’s price has increased by almost 8% in the last week, but it struggled to move above $90 on Thursday. With a positive signal appearing on the MACD indicator, is Solana poised to finally surpass this important price level?

Summary

  • Solana price climbed nearly 9% over the past week but continued to face strong resistance near the $90 level.
  • Technical indicators showed improving momentum, with a bullish MACD crossover approaching and Aroon Up signaling strengthening buyer control.
  • A breakout above $90 could open the door toward the $97–$100 range, while failure to hold above $85 may trigger a retest of support near $80.

Solana (SOL) has seen its price increase by about 9% in the last week, reaching around $90 on Thursday. This brings its total market value above $51 billion. However, the $90 price point has proven to be a significant hurdle, as the price has struggled to break through this level since late March.

The daily chart is now starting to show that buyers might be gaining control again.

Both Solana and the overall cryptocurrency market have become more stable recently. This is largely due to improvements in global political feelings and a decrease in oil prices, which have encouraged investors to feel more comfortable with riskier investments. Bitcoin staying above important price points has also boosted confidence in other cryptocurrencies.

Solana’s price is showing signs that sellers are weakening as it approaches the top of its current trading range. Unlike previous times when the price dropped after hitting resistance, this recent period of consolidation has been narrow, meaning buyers are stepping in to absorb sales instead of quickly selling off their holdings.

Things are looking a bit more stable on the blockchain. While trading on decentralized apps hasn’t reached its earlier highs, the decline in users has slowed down. There’s also been a slight improvement in futures trading, with more people starting to open positions after a quiet period.

Solana price analysis

Solana’s price has been moving sideways after a strong bounce from around $68 in February. It’s currently holding above the $80 level, which has acted as support for several weeks, suggesting a period of stabilization.

Solana is currently trading at around $89, just above key moving averages for the past 20, 50, and 100 days. These averages are getting closer together, between $85 and $87. This often signals that a significant price increase or decrease is likely to happen once the price clearly moves above or below this range.

Positive signals are emerging from momentum indicators. The MACD is nearing a point where it could indicate increasing buying activity, a trend we’ll be watching for in the next few days. Additionally, the Aroon Up indicator is rising rapidly while the Aroon Down indicator is falling, suggesting buyers are starting to take control of the short-term trend.

Despite some positive signs, Solana is still generally trending downwards. It’s trading significantly below its 200-day moving average around $115, which suggests a full, sustained upward trend hasn’t started yet.

If the price firmly closes above $90, it could start a climb towards the $97 level, and eventually to the important $100 mark. Breaking through $100 would likely confirm a strong upward trend.

If Solana drops below the $85 level, where several key moving averages converge, it could fall back to around $80, a price where buyers have historically shown strong interest.

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2026-05-07 14:59