Solana Price News: SOL Seems Ready to Give the $90 Resistance Another Try

Author: Alejandro Arrieche

Published: April 10, 2026

Key Highlights

• Solana (SOL) has increased by nearly 6% over the past week, surpassing the $80 mark.
• Trading volumes surged to 23% of its circulating market cap, indicating rising buying pressure.
• Traders' participation remains low, but a breakout above the $90 resistance could lead to a target range of $100 to $120, representing a potential upside of 41%.

Market Context

The recent decision by President Trump to enforce a two-week ceasefire with Iran has positively impacted the broader market, contributing to Solana's ability to maintain above a critical support level identified in previous analyses.

Trading Volume Insights

Solana's trading volumes have seen a dramatic increase of 182% in the last 24 hours, reaching $11.5 billion, which constitutes 24% of the token's circulating market cap. This spike may suggest a shift in market sentiment, as previous weeks had shown a downtrend in trading volumes.

Last week, trading volumes were recorded at $22 billion, and the current week is already approaching $19 billion in volume.

Future Projections

Standard Chartered has revised its forecast for Solana, setting a target of $250 by the end of 2026, with a long-term goal of $2,000 by 2030. The bank notes that Solana is transitioning from a memecoin to a platform for stablecoin micropayments, benefiting from ultra-low transaction fees.

Futures Market Analysis

Open interest in Solana futures remains low at $5 billion, down 45% from earlier this year and significantly below the all-time high of $16 billion recorded in September 2025. This suggests that the recent volume increase may be driven by organic spot buying, potentially indicating that larger investors are positioning for a bullish trend.

On-Chain Data Overview

Despite the increase in trading volume, on-chain data indicates a decline in network usage, with transaction volumes dropping from 909 million in early March to 720 million recently. However, the number of daily active users has been rising, suggesting growing interest in Solana's ecosystem, particularly in meme coins and micropayment applications.

Resistance Levels

The critical resistance level to monitor is $90, which has historically acted as a ceiling for Solana's price. A successful breakout above this level could lead to further targets at $100 and $120, coinciding with significant technical indicators such as the 200-day exponential moving average (EMA).

The Relative Strength Index (RSI) has also shown bullish signals, indicating potential upward momentum.

Conclusion

Solana's recent price movements and trading volume suggest a potential shift in market dynamics. A breakout above the $90 resistance could catalyze further gains, while ongoing monitoring of on-chain metrics and market sentiment will be crucial for traders and investors.