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Solana rises to $89 with $8M whale long position signaling bullish momentum

Technical Signals
06 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Solana has maintained a price above $80 for 30 days and recently surged to a local high of $89, reflecting strong bullish momentum. A significant whale investor deposited $4.1 million into HyperLiquid and opened an $8 million long position, signaling renewed confidence from large investors. Increased options volume and open interest, along with a rising Long/Short ratio, indicate traders are mostly bullish. If momentum continues, Solana could surpass $90 and target $95, but a drop below $86 could lead to a decline toward $84.

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