Solana’s price rose over 4% to approximately $93 on May 10, 2026, breaking through a key resistance level after weeks of consolidation. Analyst BitGuru described the breakout as convincing, with technical indicators like the RSI and MACD showing increasing bullish momentum. The altcoin’s market capitalization stood at $53.7 billion as traders monitored the potential for a move toward $100.
Solana’s price climbed 4.28% to $93.04, demonstrating renewed strength after an extended period of sideways movement. The breakout above a significant resistance level has positively impacted short-term market sentiment.
Analyst BitGuru shared a positive outlook, noting the breakout appeared clear following weeks of consolidation. “The latest breakout seems clear and convincing,” the analyst stated.
Technical indicators support the bullish momentum, with the RSI rising to 67.47. The MACD indicator also turned positive, signaling increasing buying pressure as shown by rising green histogram bars.
SOL is trading above its nearest support zone between $85.17 and $86.45, a key level for maintaining upward momentum. The asset’s 24-hour trading volume was reported at $6.55 billion.
Investors are now watching to see if buying pressure continues, which could test the psychological $100 resistance. Data shows Solana’s market capitalization reached $53.73 billion.
