Solana (SOL) Price: SOL Breaks Above $85 as Bitcoin Rally Pushes Crypto Market Higher

TLDR

• SOL climbed above $85 after breaking a bearish trend line at $83.60
• Bitcoin surging past $74,000 triggered a 5.2% spike in SOL
• Daily trading volume jumped 31% to $5.11 billion
• Solana led all blockchains in Q1 2026 with over 25 billion transactions
• Analyst Ali Charts identifies $49 as key long-term support and $108 as macro resistance

Solana has pushed above $85 following a broader crypto market rally driven by Bitcoin breaking above $74,000 on April 13.

SOL gained around 5.2% on Monday, trading at approximately $86.23 with a market cap of $49.65 billion, according to CoinMarketCap.

The move came after SOL broke above a bearish trend line at $83.60 on the hourly chart. Price reached a high of $86.85 before consolidating.

SOL is now trading above the 100-hourly simple moving average. Daily trading volume rose 31% to around $5.11 billion.

The overall crypto market cap rose 3.77% to over $2.51 trillion. Ethereum also gained 7.55%, crossing $2,368.

Bitcoin’s rally followed U.S. President Donald Trump announcing a ceasefire to support ongoing peace talks.

Key Price Levels to Watch

On the upside, SOL faces resistance at $88, then $92. A close above $92 could open the door toward $100 and potentially $102.

If SOL fails to clear $88, initial support sits at $85.50, then $84.00, which aligns with the 50% Fibonacci retracement of the recent move from $81.32 to $86.85.

A break below $82 could push price toward $76.50.

Analyst Ali Charts noted on X that the main long-term support for SOL is at $49, sitting within the mid-range of an ascending channel. He placed immediate macro resistance at $108.

Solana Network Activity

Solana’s on-chain data shows growing activity. Token holders hit a record 167 million in April, according to Glassnode.

Solana led all blockchains in transaction volume in Q1 2026, recording more than 25 billion transactions.

New developments on the network include lending protocols and tokenized real-world assets.

The 14-day RSI sits at around 68, just below the overbought threshold of 70. The MACD is showing a small positive crossover.

Short-term moving averages, including the 5-day and 20-day, are both sitting around $85, with price trading above both.

A key entry zone has been identified between $84.80 and $86.00, with a suggested stop loss near $82.90.

Solana token holders reached a record 167 million in April 2026, according to on-chain data from Glassnode.

The post Solana (SOL) Price: SOL Breaks Above $85 as Bitcoin Rally Pushes Crypto Market Higher appeared first on CoinCentral.