Solana Price Breaks $90 as Futures Activity Rises
- SOL reclaimed $90 after more than three months, while active trading keeps the breakout in focus for short-term market participants.
- Futures activity remains elevated, with major exchanges carrying substantial SOL open interest and heavy turnover across key venues.
- The next nearby major resistance on SOL for the day is $91.33 and $92, while $87.80 could maintain the breakout formation.
After months of consolidation, the price of Solana has broken above a significant psychological level, driving SOL above $90 and resuming short-term bull markets across the market.
SOL Breaks Above Three-Month Resistance
Ash Crypto noted that SOL had broken above $90 after more than three months below that level. The post described the move as bullish, following a prolonged period of sideways price action. The accompanying chart shows buyers gaining momentum as SOL moved beyond the previous trading range.
The recovery started after SOL found support near the marked $70.58 level. Price then formed higher lows across the displayed structure. That sequence created a stronger base for the latest breakout attempt.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (cryptonewsland.com).
