The post Solana Holds Below $90 as ETF Growth and Breakout Pressure Drive Market Focus appeared on BitcoinEthereumNews.com.

TLDR: Solana trades between $78 and $90, forming a tight range that signals compression before a likely breakout move. Bollinger Bands have narrowed sharply, indicating low volatility and increasing probability of a strong price expansion. MACD shows early bullish momentum returning, though confirmation depends on a sustained crossover and price strength. A break above $90 may open upside toward $100, while losing $78 support risks a drop to $70 levels. Solana traded within a narrow band near $88 in April 2026, as volatility declined and momentum indicators showed early recovery signs. At the same time, growing activity in Solana-linked investment products points to rising institutional participation during this stabilization phase. Solana Price Structure Signals Consolidation After Extended Decline Price action reflects a clear shift from the prolonged downtrend seen in late 2025. Solana fell from above $200, forming consistent lower highs and lower lows into early 2026. That decline accelerated before stabilizing near the $80 region. A market update shared by More Crypto Online on X outlined two possible short-term scenarios for SOL. The analysis noted that both paths allow further upside, depending on how the price reacts near support.  It identified a micro support zone between $78.77 and $81.65. A pullback into this range would support gradual recovery, while a direct move higher would favor a stronger upward continuation. $SOLOn the lower timeframe, both the white and orange scenarios continue to allow for further upside. The micro support zone between $78.77 and $81.65 remains key. A pullback into this area would keep the white scenario intact, while a more direct move higher would favour the… pic.twitter.com/hrfG3ixFjm — More Crypto Online (@Morecryptoonl) April 17, 2026 The current structure shows a well-defined range between $78 and $90. Price continues to trade near $87.99, with repeated tests of resistance around $88.50 to…

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Filed under: News - @ April 18, 2026 12:24 am