Solana has a significant technical advantage over Hyperliquid after one of its biggest comebacks of 2026. The key difference is that $SOL has already broken through the long-term resistance that often separates a short-term rally from a broader trend reversal.
Solana price returns to growth
After rising from approximately $75 in the second half of August, Solana is currently trading near $104.65. The cryptocurrency gained about 45% from its consolidation range to its latest peak, briefly moving above $110.
The location of that rally is particularly important. Before testing the more significant resistance zone near $90, $SOL moved above its 50-day and 100-day moving averages at approximately $80.78 and $82.46, respectively.
$SOL/USDT Chart by TradingView
Solana’s 20-day exponential moving average and 200-day moving average are currently near $90.06 and $90.18. Rather than being rejected immediately, $SOL moved decisively through the 200-day moving average on rising volume. The current price is more than 15% above that indicator.
From a relative technical perspective, this gives Solana a stronger foundation than assets such as Hyperliquid, which remain below their long-term trend resistance. Solana no longer needs to break through its 200-day moving average; it now needs to defend it. However, the rally faces a clear short-term challenge.
Solana faces overbought conditions
During the breakout, $SOL entered severely overbought territory. The daily relative strength index climbed above 80 before falling to approximately 73.4. Momentum remains strong, but buying the asset between $105 and $110 carries considerably more risk than buying it in the $80-$90 range.
Trading volume is also beginning to return to normal after the initial breakout surge, making a period of consolidation more likely.
The recent high between $110 and $111 remains the first immediate resistance zone. A break above that level could open the way for Solana to test the $115-$120 range. If the price fails to continue higher, $SOL could retrace toward $100 and then the critical $90 area.
The $90 zone is currently the key technical level. A successful retest would strengthen the argument that Solana has entered a genuine trend reversal and confirm that its former long-term resistance has become support.
Solana’s current advantage is therefore structural: the difficult breakout has already occurred. The next question is whether buyers can hold the gains.
Source: cryptonews.net
