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Solana price nears $87 short squeeze zone amid long-term support hold

Technical Signals
03 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Solana (SOL) is trading around $83-$84, approaching a key $87 level where many short positions could be liquidated, potentially triggering a short squeeze. The price remains near a long-term support trendline formed since 2023, inside a large triangle pattern signaling consolidation. A break above $87 could lead to significant upward momentum, with targets at $230 and possibly $460 if a strong breakout occurs. For now, SOL must hold support and push past resistance to confirm a bullish trend.

More News (SOL)

Bitcoin dips below $66K despite Iran peace deal boosting stocks and oil prices

Bitcoin dips below $66K despite Iran peace deal boosting stocks and oil prices

Bitcoin briefly reached $67,000 but fell back below $66,000 amid cautious market reaction to the U.S.-Iran peace agreement. While traditional stocks surged, with the S&P 500 up 1.7% and Nasdaq 100 rising 3.1%, Bitcoin showed only a modest 0.3% gain. ...

Market News
Neutral
4 hours ago
Bitcoin ETFs see $64.8M outflows as investors shift to altcoin ETFs like ETH, SOL, and XRP.

Bitcoin ETFs see $64.8M outflows as investors shift to altcoin ETFs like ETH, SOL, and XRP.

On June 15, Bitcoin spot ETFs experienced $64.8 million in outflows, mainly due to Grayscale's GBTC losing $124 million in a single day. However, other Bitcoin funds gained about $59 million, partially offsetting the losses. Meanwhile, altcoin ETFs a...

Market News
Neutral
4 hours ago
Avalanche sentiment drops amid concerns over developer activity and competition from Solana, Sui.

Avalanche sentiment drops amid concerns over developer activity and competition from Solana, Sui.

Avalanche's market sentiment has shifted from bullish to bearish due to rising concerns about developer activity, user growth, and competition from faster-growing layer-1 networks like Solana and Sui. Despite this, AVAX remains one of the top trendin...

Market News
Bearish
5 hours ago
Bitcoin tops $67,000 on ETF inflows and new crypto regulations boosting demand and confidence.

Bitcoin tops $67,000 on ETF inflows and new crypto regulations boosting demand and confidence.

Bitcoin surged past $67,000 driven by fresh inflows into U.S.-listed crypto ETFs like Solana and XRP, signaling growing institutional demand beyond just Bitcoin and Ethereum. Major miners like MARA are accumulating Bitcoin, reducing near-term supply ...

Market News
Bullish
5 hours ago
Bitcoin stalls near $67K as traders await Iran deal signing and Fed decision, cautious after past false rallies.

Bitcoin stalls near $67K as traders await Iran deal signing and Fed decision, cautious after past false rallies.

Bitcoin briefly rose above $67,000 but retreated as traders remain cautious about the tentative US-Iran peace deal, which has boosted stocks and oil but not crypto. This is the third ceasefire attempt, and previous rallies quickly reversed, so invest...

Market News
Neutral
7 hours ago
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