TAO price surges 20% to $366, breaking above the $350 mark for the first time since November 2025, with daily trading volume exceeding $1 billion. Meanwhile, Bitcoin Hyper, a new Bitcoin Layer 2 project integrating the Solana Virtual Machine, has raised $32 million in its presale, with its token priced at $0.0136775, positioning itself as a high-speed alternative.

SOL Technical Outlook: Bullish Compression in Downtrend as Breakout Approaches Solana remains within a broader downtrend structure, but recent price action shows tight consolidation with a mild bullish bias following a bounce from the macro support zone of $85–$88 . Currently, SOL is trading around $92–$93, forming a small bullish (wedge compression) just below key resistance, signaling a potential breakout attempt. EMA Structure (Decline with Short-term Recovery) 20 EMA: $89.2 50 EMA: $93.0 100 EMA: $106.5 200 EMA: $127.2 Price is above the 20 EMA, showing short-term strength Facing resistance at the 50 EMA zone ($93 Still below the 100 & 200 EMA → macro downtrend remains intact The EMA arrangement continues to reflect downtrend pressure, but momentum is gradually improving. Fibonacci & Market Structure 0.786 Fib: )0.618 Fib: $213 0.5 Fib: $182 0.382 Fib: $160 0.236 Fib: $138 Fib 0: $111 SOL is currently trading well below the 0.236 Fibonacci level at $67 $111(, maintaining a weak higher timeframe structure. The $90–) range is acting as a compression zone Direct resistance lies at $93–$93 A breakout above $95 opens the path to $106–$95 Failure to push higher could lead to a retest of the $89–$111 support, with downside risk toward $85 macro base Market Behavior & Structure Insights Strong reaction from $67 demand zone Price is forming a bullish wedge within the larger downtrend Market is currently in accumulation versus distribution phase Volatility contraction suggests a breakout is imminent RSI Momentum RSI: 55 Mild bullish momentum Forming higher highs No strong trend confirmation yet Momentum supports gradual bullish pressure 📊 Key Levels Resistance $93–$85 $95 50 EMA / local resistance( ) $106 intermediate resistance( ) $111 0.236 Fib – primary breakout level( Support $90–)$92 primary short-term pivot( $89–)$85 demand zone( ) $67 macro base( 📌 Summary SOL is currently in a tight bullish compression phase, attempting to break through direct resistance while remaining under broader downside pressure. Holding above )will maintain bullish momentum Rejection at $93–$90 could extend consolidation Breaking resistance = potential short-term trend reversal opportunity 📉 Scenarios 🔴 Bearish Case: Rejection from $93–$95 → decline to $95 → $89 🟢 Bullish Case: Breakout and hold above $85 → move toward $95 → $105 SOL is coiling within a compression structure, and a breakout from this zone will likely determine the next impulsive move. $110 $SOL ‌