Solana (SOL) is extending its rebound and is closing in on a key technical threshold near $90, a level traders are watching as a potential trigger for a broader breakout across high-beta altcoins. Despite a modest dip on the day, SOL's weekly advance underscores a renewed risk-on tone as Bitcoin (BTC) holds above $81,000 and Ethereum (ETH) remains near $2,300, helping stabilize sentiment across the market.
Animoca Brands has announced several key developments in early May 2026 including a significant initiative with Republic.
Solan's new address growth has slowed down since February as SOL prices have settled into a range.
Despite record-breaking adoption figures, Solana is still trading below $100, prompting analysts to label it undervalued and a big bet for the future.
The Solana Foundation has joined forces with Google Cloud in order to introduce Pay.sh, a gateway that lets AI agents independently discover, access, and settle payments for APIs using stablecoins on the Solana blockchain.
Solana holds near $90 support as traders watch the ascending trendline, $115 resistance, and possible $260 target.
Solana price rallied nearly 8% over the past week but faced resistance at $90 on Thursday. Can the token finally break past the key psychological barrier with a bullish MACD crossover approaching?
Solana regains its place in crypto discussions again. Indeed, on social media, optimism around SOL reaches heights that the market had not seen for several months.
Solana (SOL) has emerged as a standout performer among altcoins this week, approaching the psychological $90 barrier following a solid single-day gain of nearly 5%. This upward movement coincides with renewed strength across the cryptocurrency sector, where Bitcoin is holding above $81,000 and Ethereum maintains levels around $2,300.
A flurry of geopolitical, regulatory, and market-structure developments rippled through crypto and broader risk markets this week, as reports of a possible U.S.-Iran agreement to end hostilities collided with unusual oil trading activity, while Europe weighed tougher crypto taxation and U.S. policymakers debated stricter ethics rules for digital-asset legislation. Geopolitical tension in the Middle East resurfaced after Odaily cited reports that a vessel in the Strait of Hormuz—a critical chokepoint for global crude shipments—was struck by a missile.
As Solana (SOL) breaks out of a multi‑week pattern, some market observers suggest a retest of a key resistance level could be on the horizon. Nonetheless, they also warned that the next leg up could be short‑lived if momentum fails to hold.
Solana started a fresh increase above the $86 zone. SOL price is now consolidating near $88 and might aim for more gains above the $90 zone.