Solana trades near $82 as analysts target $85 to $90 following 13% weekly gain

Search for direction at key levels

BitGuru, a crypto analyst, noted that after a period of consolidation, SOL broke out to the upside, helping fuel short-term positive momentum. BitGuru identified $75 as a major support level. Maintaining price action above this region is considered crucial for preserving the current recovery structure.

BitGuru emphasized that as long as SOL holds above $75, its breakout structure remains intact. Should buyers stay in control, the analyst believes the next key target area will be between $85 and $90.

Another analyst, KAY Drake, observed that Solana has been inching toward the $84.40 region after several consecutive days of upward movement. However, Drake cautioned that this advance does not yet confirm a decisive breakout. In his view, growing price action around the resistance zone makes this area even more significant.

Drake added that a sustained move above $84.40, followed by this level turning into support, could give a clearer technical picture. Such a scenario could prompt sidelined investors to return to the market and participate in further gains.

What do technical indicators suggest?

On the technical side, exponential moving averages (EMAs) continue to bolster Solana’s short-term recovery. The 20-day EMA sits at $74.65, with the 50-day EMA at $75.96. At its current price of $82.09, SOL is trading slightly above its 100-day EMA of $81.60. However, the 200-day EMA at $96.70 highlights a broader zone of strong resistance overhead.

For reference, the EMA—short for exponential moving average—is a technical indicator that places more weight on recent prices to help track the market trend. Holding above shorter-term EMAs can signal growing strength in the near term.

The MACD indicator, meanwhile, shows that overall momentum remains limited. The MACD line stands at 1.70, with the signal line at 1.67. The histogram posted a reading of minus 0.03, underlining that despite the latest recovery, the momentum gap remains modest and a clear bullish reversal has yet to materialize.

85 to 90 dollar range remains in focus

In the short term, the $84.40 area could prove decisive in determining Solana’s direction. If the price manages to overcome this resistance and establish it as support, the $85 to $90 corridor will come into play as a new target range. Conversely, failure to hold near resistance could trigger a return to the $75 support zone.

Analysts stress that their assessments are intended as market analysis and price projections. Due to high volatility in cryptocurrency markets, none of these levels can offer guarantees or certainty for future movement.