Solana, on the verge of breaking $90 amid easing Middle East risks... Can it re-enter $100?

▲ Solana (SOL)/AI generated image ©

As Solana (SOL) is on the verge of breaking the $90 resistance, the market is discussing the possibility of re-entering $100 before May.

According to cryptocurrency media Watcher.Guru on April 22 (local time), Solana has continued its bullish trend, rising 2.6% in the past 24 hours, and has recorded increases of 6.1% over the last week, 4.1% over 14 days, and 2.5% over the last month. The price is once again approaching the $90 resistance level it tested last week.

This rise is coupled with a reversal in overall market sentiment. As Bitcoin (BTC) recovered to the $78,000 level after approximately three months, investor sentiment rapidly improved, creating a trend that spread across major altcoins. In particular, expectations of US-Iran nuclear negotiations and the possibility of easing tensions are analyzed to have stimulated risk asset preference, acting as a driving force for the surge.

Monetary policy expectations are also acting as a variable. With President Donald Trump nominating Kevin Warsh as the head of the Federal Reserve from May, the possibility of interest rate cuts is being highlighted. If interest rate cuts and geopolitical risk mitigation materialize simultaneously, overall market liquidity could expand, strengthening the scenario of Solana recovering to $100.

However, the market is not yet completely stable. If Middle East tensions escalate again or negotiations fail, investor sentiment could quickly contract, and in that case, Solana could fall back to the early $80 range. While the current trend is a recovery phase, volatility risks remain valid.

Ultimately, the short-term direction depends on whether it breaks past $90. If this level is breached upwards, the expectation of re-entering $100 could materialize, but if it is blocked by resistance, the possibility of continued range-bound fluctuations cannot be ruled out. The market trend over the next few days is expected to be a critical turning point that will determine the mid-term trend.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*