Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

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)

Solana struggles below $100 despite record network growth and stablecoin usage.

Solana struggles below $100 despite record network growth and stablecoin usage.

Solana's price remains stuck below $100 despite record-breaking network activity and a surge in stablecoin transactions, highlighting a disconnect between strong fundamentals and price performance. The token has traded in a tight $80-$90 range for mo...

Protocol Fundamentals
Neutral
10 hours ago
Pump.fun enables seamless trading across Ethereum, Base, BNB Chain using SOL without gas token hassles.

Pump.fun enables seamless trading across Ethereum, Base, BNB Chain using SOL without gas token hassles.

Pump.fun, originally a Solana-based memecoin launchpad, now supports trading across multiple EVM-compatible chains like Ethereum, Base, and BNB Chain using SOL as the universal currency. Users can trade without managing gas tokens or bridging assets,...

Protocol Fundamentals
Bullish
13 hours ago
Pump.fun enables multi-chain trading using SOL without bridging or native gas tokens.

Pump.fun enables multi-chain trading using SOL without bridging or native gas tokens.

Pump.fun has expanded its trading platform to support multiple EVM-compatible blockchains including Ethereum, Base, and BNB Chain, allowing users to trade across these networks using SOL as the settlement currency. This eliminates the need for bridgi...

Protocol Fundamentals
Bullish
13 hours ago
Solana ecosystem surges with nearly $1B inflows into Bitwise Solana Staking ETF

Solana ecosystem surges with nearly $1B inflows into Bitwise Solana Staking ETF

The Solana ecosystem is experiencing strong growth driven by the Bitwise Solana Staking ETF, which has attracted nearly $1 billion in cumulative net inflows. This institutional demand is boosting liquidity across Solana protocols, increasing total va...

Market News
Bullish
15 hours ago
Solana leads with 40% of DEX foreign token trading, outpacing Hyperliquid in spot volume.

Solana leads with 40% of DEX foreign token trading, outpacing Hyperliquid in spot volume.

Solana has become the dominant platform for trading foreign tokens, capturing nearly 40% of decentralized exchange (DEX) activity, surpassing Hyperliquid in spot trading volume. Its fast transaction speeds and low fees attract traders, especially for...

Protocol Fundamentals
Bullish
17 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App