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Can Solana price break $100 as bullish MACD crossover approaches?

Can Solana price break $100 as bullish MACD crossover approaches? WikiBit 2026-05-07 20:26

Solana price rallied nearly 8% over the past week but faced resistance at $90 on Thursday. Can the token finally break past the key psychological barrier

Currently, Solana is trading around the $89 region, slightly above its 20-day, 50-day, and 100-day simple moving averages, which are beginning to converge near the $85–$87 range. Such compression in moving averages often precedes a stronger directional move once price breaks decisively out of consolidation.

Importantly, momentum indicators are beginning to improve. The MACD lines are approaching a bullish crossover, which could signal strengthening buying momentum if confirmed in the coming sessions. Meanwhile, the Aroon Up indicator has surged toward 100 while the Aroon Down has weakened, suggesting buyers are gradually regaining short-term trend control.

However, the broader structure still remains cautious as Solana continues to trade well below its downward-sloping 200-day SMA near the $115 region, indicating that the higher timeframe trend has not fully turned bullish yet.

On the upside, a decisive daily close above the $90 resistance zone could open the door toward the next major resistance area around $97, followed by the key psychological $100 level. A successful breakout above that region would likely strengthen bullish sentiment further.

On the downside, failure to hold above the clustered moving averages near $85 could push Solana back toward the $80 support zone, where buyers have previously stepped in aggressively.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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