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Crypto

Solana Breaks Downtrend Resistance, Trades Above $94

Guavy AI Editorial Team
Instruments
SOL
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Solana has finally broken its 18-month downtrend resistance line after trading at $94.11, according to recent market data.

The token's price action since early 2025 was capped by this downtrend line until the breakout.

Traders are now watching whether SOL holds above the former resistance to confirm the reversal in the broader crypto market conditions.

The setup suggests a healthy retracement to the 50-EMA support at $83.42 before further continuation, as the MACD golden cross reinforces the bullish structure above the 200-EMA at $78.33.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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