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Solana bulls regain control aiming for 14% breakout after strong buying and reversal pattern.

Technical Signals
07 May 2026
BeInCrypto
View Source
Bullish
pluang ai news

Solana (SOL) price is showing signs of recovery with an 11% rebound and a developing inverse head-and-shoulders pattern, signaling a potential 14% breakout above $96.95. Buyers have pulled over 543,000 SOL off exchanges in recent sessions, indicating increased accumulation and demand. However, a major supply cluster around $92 and the 100-day moving average near $93.91 present resistance levels that must be overcome for the breakout to materialize. If successful, SOL could rise toward $111; failure to hold key support at $81.29 would weaken the bullish setup.

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