FX.co ★ Technical Analysis of SOLANA Cryptocurrency Intraday Price Movement. Friday, May 08, 2026

SOLANA

The Solana cryptocurrency is currently has a bullish bias, which is confirmed by a Golden Cross intersection between both of its EMAs.

Key Levels

1. Resistance. 2 : 91.44

2. Resistance. 1 : 89.74

3. Pivot : 88.68

4. Support. 1 : 86.98

5. Support. 2 : 85.92

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 88.68, it may move up toward 89.74.

Momentum Extension Bias: If 89.74 is also successfully broken out, there is potential for strengthening to continue to the 91.44 level.

Invalidation Level / Bias Revision

The upside bias weakens if Solana falls and breaks below 85.92.

Technical Summary

EMA(50) : 88.42

EMA(200): 87.14

RSI(14) : 46.95

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Average Hourly Earnings m/m - 19:30 WIB

US - Non-Farm Employment Change - 19:30 WIB

US - Unemployment Rate - 19:30 WIB

US - Prelim UoM Consumer Sentiment - 21:00 WIB

US - Prelim UoM Inflation Expectations - 21:00 WIB

US - Final Wholesale Inventories m/m - 21:00 WIB