Solana (SOL) is pressing into a major breakout zone after breaching its yearly downtrend, with traders now watching whether a clean move above $90 can open the path towards $100.
Solana price is beginning to show a cleaner shift in structure after spending days trapped under resistance. The latest move towards the $87–$90 region puts buyers back in control of the short-term chart, but the real test is whether this push can turn into a confirmed breakout. According to Brave New Coin, Solana is trading near $86.97, up 2.32% in the last 24 hours, with price moving between an intraday low of $84.45 and a high near $87.39.
Yearly Downtrend Breakout Strengthens the Bullish Case
A major technical development is now forming on the higher-timeframe chart. Rand Group highlighted that Solana price is breaching its yearly downtrend resistance, a level that has capped upside attempts for months. If SOL can hold above this broken trendline, the move could signal an early bullish reversal.
Solana breaks above its yearly downtrend resistance, putting the $90 breakout zone in focus as bulls eye higher targets. Source: Rand Group via X
The next confirmation would come from a stronger push above the $90 region, which has already become the main short-term resistance. Above that, the chart opens room towards $96, followed by the broader $100–$105 zone if momentum continues. However, this breakout still needs follow-through. A move above a downtrend line is constructive, but if SOL fails to hold the breakout and falls back below the trendline, it could turn into another fakeout.
$90 Breakout Triggers Short Liquidations
The short-term move also created pressure in the derivatives market. SolanaFloor reported that more than $17 million in short positions were liquidated over the past 24 hours as SOL approached the $90 level. This shows that many traders were positioned for downside, but the market moved against them.
Over $17 million in SOL shorts were liquidated as price pushed towards $90. Source: SolanaFloor via X
Short liquidations can add fuel to upside moves because forced buying occurs when bearish positions are closed. That is likely why the push towards $90 became sharper once the price started gaining momentum. If Solana price breaks and holds above this area, more short covering could support another move higher.
Still, traders should be careful here. Liquidation-driven moves can be fast, but they need real spot demand and follow-through to become sustainable. If Solana price rejects around $90 again, price could cool off and retest the $86–$84 support region before another attempt.
Analysts See SOL Moving Into Breakout Territory
The breakout setup is also being watched closely by analysts. Ali Charts noted that Solana is in the middle of a bullish breakout, with the chart pointing towards higher levels if the move continues. The key area remains the $89–$90 zone, which is where buyers need to prove strength.
Solana enters bullish breakout territory as analyst watch the $89–$90 zone for confirmation of the next upside move. Source: Ali Charts via X
Crypto Melih also pointed to a similar structure, suggesting that a 4-hour close above resistance could open the next stage of upside. Based on the chart, Solana price is trying to build above the $89.50–$90.75 region, with the next upside target sitting closer to $96.90 if momentum expands.
Solana eyes a stronger breakout as a 4-hour close above $89.50–$90.75 could open the path towards $96.90. Source: Crypto Melih via X
This aligns with the broader technical picture. SOL is not yet in a fully confirmed breakout, but it is now pressing against the level that could decide the next move. A clean close above $90 would shift the short-term bias more clearly bullish.
On-Chain Activity Shows a Mixed Picture
While price action is improving, on-chain data adds some caution. Santiment Intelligence reported that Solana’s weekly active addresses dropped from 5.01 million in early February to around 2.89 million recently. That means network activity has slowed even while market sentiment is becoming more bullish.
This is a mixed signal. On one side, lower active addresses suggest fewer wallets are transacting, which can reflect weaker ecosystem activity. On the other side, sentiment towards SOL has been rising, showing that traders are becoming more optimistic despite softer on-chain activity.
Solana active addresses have cooled from February highs, even as SOL sentiment improves near breakout levels. Source: Santiment Intelligence via X
For the bullish case to become stronger, price action needs to confirm what sentiment is already suggesting. If SOL breaks above $90 while activity begins recovering, that would create a much healthier setup. But if sentiment keeps rising while on-chain activity stays weak, the rally could become more vulnerable to rejection.
Breakout Map: Support, Resistance, and Upside Targets
Solana’s next move still depends on whether bulls can turn this recovery into a confirmed breakout. The first resistance sits near the $89–$90 zone, which has now become the main level to clear. A clean move above this area would confirm short-term strength and open the path towards $96, followed by the $100–$105 region.
Solana price trades at $86.97, up 2.32% in the last 24 hours. Source: Brave New Coin
On the downside, $84–$85 is the first support to watch after the latest move higher. If SOL loses this area, price could slip back towards $80–$78, where buyers need to step in to keep the broader recovery structure alive. For now, the setup remains constructive, but confirmation still depends on a proper breakout above $90.
Final Thoughts: Is Solana Ready to Reclaim $100?
Solana price now is moving closer to an important breakout zone, but the $100 level is not confirmed yet. Price is improving, sentiment is heating up, and the push towards $90 shows that buyers are trying to regain control after weeks of weaker movement.
If SOL clears $90 with strength, the move towards $96 and then $100 becomes much more realistic. However, failure to hold above $84–$85 would slow the recovery and keep the market trapped inside the same range. For now, Solana’s structure is improving, but the real bullish signal comes only after a clean breakout above $90.
