Sunday, 10 May 2026

Solana Analysis: Is this the expected breakout?

Solana continues to follow Bitcoin higher but is significantly weaker. Bitcoin has already broken above the March highs while Solana would still need a 12 percent move just to get there. In this video I walk through the SOL BTC ratio chart, explain why Solana is being outperformed, show you the Fibonacci target zone between 110 and 138 dollars, and break down two short term pathways with key support and resistance levels.

As of May 10, 2026, Solana (SOL) is trading near $93.43, showing resilience and a bullish technical structure as it tests key resistance levels. Start Trading Solana >>

Solana (SOL) Price News & Insights Today 10-5-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More Crypto Online.

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Solana Insights Today

-Institutional Inflows: Spot Solana ETFs have seen accelerated momentum, with nearly $33 million in inflows over the past week.

-Bitwise Staking ETF: The launch of the Bitwise Solana Staking ETF (BSOL) is providing a new regulated entry point for institutional capital.

-Stablecoin Growth: The USDC Treasury minted 250 million USDC on the Solana blockchain today, signaling preparation for increased DeFi activity.

-Corporate Adoption: Western Union has selected Solana for its speed and low fees to handle stablecoin settlements, following similar moves by Visa and J.P. Morgan.

-Short Squeeze: A break above $90 triggered a massive short squeeze, with over $21 million in SOL shorts liquidated in the last 24 hours. Buy Solana >>