Coinpaper 2026-04-10 21:38:07

Solana Eyes $90 as Bulls Target $120 After Breakout

Solana is regaining momentum after weeks of weakness, with fresh technical signals pointing to a potential breakout phase. Recent price action shows buyers stepping in near key demand zones, driving a steady recovery toward critical resistance levels. Short-Term Recovery Eyes $90 Zone According to Morecryptoonl, Solana has shifted into a short-term recovery after forming a local bottom between $75 and $78. The price has since pushed above minor resistance and is now testing the $85 level. This area aligns with a pivot zone that often determines near-term direction. Moreover, momentum indicators suggest continued upside toward the $88–$90 range. This zone combines key Fibonacci retracement levels and previous supply pressure. Consequently, traders view it as a critical decision point. A rejection here could send SOL back toward $81 or even $80. However, a clean move above $90 would likely confirm stronger bullish continuation. Breakout Structure Signals Trend Shift Meanwhile, curb.sol points to a broader structural change. The analyst notes that Solana has broken out of a prolonged downtrend marked by lower highs. This breakout follows a clear accumulation phase, where price stabilized under heavy resistance. Additionally, the formation of higher lows indicates a transition into a mark-up phase. Key support now sits between $80 and $90, reinforcing the importance of this range. Source: X If buyers maintain control, a move above $100 could trigger rapid price expansion. Hence, analysts increasingly expect a push toward $120 in the near term. Long-Term Outlook Targets New Highs On a macro level, Celal Kucuker outlines an even more ambitious trajectory. The weekly chart shows Solana respecting a long-term ascending trendline. Recent price action confirmed support near the $70 zone, which aligns with past consolidation ranges. Significantly, this structure suggests ongoing accumulation before a larger breakout. The $280 level remains a key resistance checkpoint. Once reclaimed, it could open the path toward $520, doubling previous highs. Furthermore, projections place this potential expansion between late 2026 and early 2027. Market Data Supports Bullish Case As of press time, Solana trades at $85.15, reflecting steady growth in recent sessions . The token has gained over 1% in the past day and more than 6% this week. Trading volume remains strong, exceeding $3.4 billion, which signals active participation.

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