{"id":10395,"date":"2026-03-03T19:13:13","date_gmt":"2026-03-03T19:13:13","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/solana-sol-positions-for-breakout-as-market-sentiment-turns-bullish\/"},"modified":"2026-03-03T19:13:13","modified_gmt":"2026-03-03T19:13:13","slug":"solana-sol-positions-for-breakout-as-market-sentiment-turns-bullish","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/solana-sol-positions-for-breakout-as-market-sentiment-turns-bullish\/","title":{"rendered":"Solana (SOL) Positions for Breakout as Market Sentiment Turns Bullish"},"content":{"rendered":"<p><em>Solana failed to stay above $90 and corrected some gains. SOL price is now below $88 and might aim for another increase above $90.<\/em><\/p>\n<ul>\n<li>SOL price started a downside correction below $88 against the US Dollar.<\/li>\n<li>The price is now trading above $85 and the 100-hourly simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $85 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could extend losses if it dips below the $84 zone.<\/li>\n<\/ul>\n<h2>Solana Price Remains Supported<\/h2>\n<p>Solana price failed to stay above $90 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $88 and $87 to enter a short-term bearish zone.<\/p>\n<p>There was a move below the 50% Fib retracement level of the upward wave from the $81.71 swing low to the $90.29 high. The price even tested the $85 support. Besides, there is a bullish trend line forming with support at $85 on the hourly chart of the SOL\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-884884\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Solana.png?resize=1024%2C512\" alt=\"Solana Price\" width=\"1024\" height=\"512\" \/><\/p>\n<p>Solana is now trading above $85 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $88 level. The next major resistance is near the $90 level. The main resistance could be $92. A successful close above the $92 resistance zone could set the pace for another steady increase. The next key resistance is $96. Any more gains might send the price toward the $100 level.<\/p>\n<h2>More Losses In SOL?<\/h2>\n<p>If SOL fails to rise above the $90 resistance, it could start another decline. Initial support on the downside is near the $85 zone, the trend line, and the 61.8% Fib retracement level of the upward wave from the $81.71 swing low to the $90.29 high. The first major support is near the $84 level.<\/p>\n<p>A break below the $84 level might send the price toward the $82 support zone. If there is a close below the $82 support, the price could decline toward the $76.50 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $85 and $82.<\/p>\n<p>Major Resistance Levels \u2013 $88 and $90.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana failed to stay above $90 and corrected some gains. SOL price is now below $88 and might aim for another increase above $90. SOL price started a downside correction below $88 against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There is a bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10396,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[200,82,247,248,214,176],"class_list":["post-10395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10395"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10396"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}