Solana’s native token (SOL) gained over 5% in the last 24 hours to trade near $85 as of 2026-04-08 06:40:06 UTC, lifted by a broad-based rally across the cryptocurrency sector. The move marks a significant rebound for the token, which has been consolidating after a strong performance earlier in the year.
"The current price action for Solana is closely tied to the overall market sentiment, which has turned bullish," said a crypto analyst. "We are seeing renewed interest in Layer 1 tokens, and Solana is one of the primary beneficiaries. The key is whether it can hold these gains and build a foundation for a move higher."
Data from CoinGecko shows the price of SOL reached an intraday high of $85.78, with a 24-hour trading volume of over $2.5 billion. The broader crypto market saw gains, with Bitcoin (BTC) trading above $71,000 and Ethereum (ETH) reclaiming the $3,500 level. The total value locked (TVL) on the Solana network has also remained robust, indicating sustained user activity in its DeFi ecosystem.
The immediate challenge for SOL is to flip the $100 psychological hurdle into a new support level. A sustained break above this price could attract further buying pressure and speculative interest, potentially opening the path for a retest of its all-time highs. However, a failure to hold the $80-$85 zone could see a retracement towards the next support level around $70.
This article is for informational purposes only and does not constitute investment advice.
