Solana Reclaims $90 as Golden Cross Signals Renewed Momentum

Key Insights:

• Solana broke above the $90 resistance as a golden cross formed, signaling improving momentum despite declining trading volume across the broader market.

• Strong on-chain growth, including rising total value locked and tokenization activity, continues to support Solana’s price stability during recent market conditions.

• Sustained support above $89.50 could push Solana toward $96, though higher trading volume remains critical to confirm a stronger breakout move.

Solana has moved back above the $90 level after a recent recovery supported by improving technical signals and steady network activity. The asset climbed from a daily low near $88 and managed to break past a resistance level that had limited its recent price action. Consequently, this move places Solana back in focus among traders tracking short-term momentum shifts.

A mini golden cross has appeared on Solana’s chart, indicating a shift in short-term momentum as the faster moving average crosses above the longer one. Generally, this pattern suggests that buying pressure is building, especially when it aligns with a broader recovery phase. However, trading volume remains subdued, which continues to limit the strength of the breakout despite the positive signal.

Price Holds Gains Despite Weak Volume

Solana currently trades slightly above $90, maintaining modest daily gains while weekly performance stays in positive territory. However, trading volume has declined notably, reflecting cautious participation from market players. Besides, the current price strength appears tied more to underlying activity rather than speculative inflows, which adds a layer of stability to the move.

Source: TradingView

If Solana maintains support near the $89.50 level, the price could move toward the next resistance zone around $96. Hence, sustained buying interest will be necessary to push the asset beyond this level. Additionally, stronger volume could confirm the continuation of the current upward trend and support a broader recovery phase.

Network Growth Supports Momentum

On-chain data shows continued growth within the Solana ecosystem, which is reinforcing the current price structure. Total value locked has moved higher, reaching close to $6.9 billion as decentralized finance activity remains steady. Moreover, this increase reflects consistent capital inflows, which often support price stability during periods of market uncertainty.

Solana’s real-world asset tokenization has reached a new peak above $1.8 billion, highlighting rising adoption across its network. Significantly, this growth points to expanding use cases beyond trading, which strengthens overall ecosystem value. Consequently, sustained development in this segment could continue to influence price direction in the near term.