The post Solana Price Near $90 Again: Will the 8th Attempt Finally Break Resistance? appeared first on Coinpedia Fintech News
The crypto market has turned highly volatile after a series of exploits this month, with nearly a dozen incidents shaking confidence across DeFi. The KelpDAO exploit and the sharp RAVE price crash have only deepened the uncertainty, leaving traders cautious. Amid this backdrop, Solana price saw a brief pullback but quickly bounced from local support, showing relative resilience.
However, the bigger test lies ahead. SOL is once again approaching the same resistance that has capped its upside for weeks, bringing it back to a familiar battleground. The question now is, can Solana finally break above $90, or will this become the 8th failed attempt at reclaiming the range?
Solana (SOL) Price Analysis
Solana has been locked in a well-defined range since February, with $89 acting as immediate resistance and $75–$78 as key support. While bulls have repeatedly pushed above $89, they have consistently failed to hold above the $92–$95 supply zone, where sell-side pressure quickly absorbs the move. This repeated rejection confirms that the area remains a strong distribution zone rather than a breakout level—at least for now.
Currently, SOL is once again approaching this resistance, but this attempt shows slightly improved strength. Volume has picked up compared to recent sessions, indicating rising participation. At the same time, RSI is trending upward toward the mid-50s, suggesting building momentum without being overbought, while MACD is turning positive, signaling a gradual shift in buying pressure.
However, the key issue remains a lack of conviction. Despite improving indicators, the price is still trading below the critical breakout zone, and previous attempts have failed at similar setups. This keeps the probability of another rejection very much alive.
Key levels to watch:
- Resistance: $92 → $95 → $98 (breakout confirmation zone)
- Support: $82 → $75 (range low liquidity zone)
A clean breakout and hold above $95–$98 is required to confirm strength. Without that, this remains a range-bound market with repeated sell-offs at resistance.
Wrapping it Up!
Solana is at a decision point, but not a confirmed breakout. If bulls manage to flip $95–$98 into support, the next move could extend toward $105–$115 this month. However, failure to break this zone may lead to another rejection, with the SOL price likely rotating back toward $82 and potentially $75 before any sustainable trend emerges.
