Solana price forms symmetrical triangle amid MACD cross

Solana price is at $83.37 on April 14, down 3.63% on the session, as a symmetrical triangle formed on the daily chart over the past two months continues to compress price action toward its apex. A daily MACD bullish crossover has now printed inside the pattern, adding a momentum signal to a setup that traders and analysts are watching closely for directional resolution.

Solana (SOL) price is trading at $83.37 on April 14 with 24-hour volume of $6.28 billion, as a symmetrical triangle tightens on the daily chart. The pattern has been compressing price since mid-February, with the upper descending trendline connecting the February highs and the lower ascending trendline running from the cycle lows. The MA ribbon sits entirely above price: SMA 20 at $82.74, SMA 50 at $85.61, SMA 100 at $98.42, and SMA 200 at $129.44, all acting as sequential overhead resistance. The MACD crossover inside the triangle narrows the window before a directional resolution is forced by the apex.

The symmetrical triangle on the daily chart is defined by two converging trendlines that reflect a standoff between sellers applying progressively lower resistance and buyers establishing a higher floor from the February lows. The pattern has been building since mid-February, with price oscillating inside the boundaries through the Iran-driven volatility in March and into April. Price is now within striking distance of the apex, where a breakout or breakdown is typically accelerated by the energy stored in the compression.

The MACD (12,26,9) has printed a bullish crossover inside the triangle, with the MACD line at -0.72 crossing above the signal at -1.16 and the histogram expanding to a positive 0.45. Both lines remain below zero, which limits the strength of the signal, but the expanding positive histogram confirms that sellers are losing control of momentum. Symmetrical triangles resolved with a MACD crossover in the direction of the breakout have historically carried higher follow-through rates than pattern breakouts occurring on flat momentum.

A CoinMarketCap markets update on April 14 noted that analysts see $108 as the next major target for SOL if momentum holds above $87, with bulls defending the $80 structural floor. The same update flagged Solana’s total economic activity reaching $1.1 trillion in Q1 2026, a 6,558% increase from the prior quarter, as evidence that the network fundamentals are decoupled from the current price structure.

Key Levels: Support, Resistance, and Price Targets

The SMA 20 at $82.74 is the immediate support and the level price must hold on a daily close basis to avoid slipping into the lower trendline near $80. A daily close below the lower trendline near $76 would break the ascending floor of the symmetrical triangle and shift the bias decisively bearish.

On the upside, the SMA 50 at $85.61 is the immediate resistance and the level a confirmed triangle breakout must clear on a daily close basis to attract follow-through buying. A close above $85.61 opens $98.42 as the next resistance, where the SMA 100 sits. The extended bull case, consistent with the symmetrical triangle measured target using the pattern’s widest point, points toward $108 to $110.

Invalidation: a daily close below $80.

On-Chain and Market Data Context

Solana open interest stands at $5.01 billion per Coinglass, with futures volume reaching $10.98 billion in the past 24 hours. The elevated futures volume relative to spot activity of $630 million confirms that derivatives participants are the dominant force at the current price level, and the symmetrical triangle breakout direction is likely to be amplified by a cascade of positions on the wrong side of the move. Approximately $8.1 million in Solana futures positions were liquidated in the same 24-hour window.

Bloomberg Intelligence analyst James Seyffart noted in March that roughly 30 institutional investors had accumulated approximately $540 million in Solana ETF exposure, led by Electric Capital and Goldman Sachs, providing a structural demand floor at current levels even as price action remains technically compressed.

If Solana holds $82.74 on a daily close basis and the MACD histogram continues to expand, a test of the SMA 50 at $85.61 becomes the nearterm base case. A confirmed daily close above it would trigger the symmetrical triangle breakout and open $98.42 as the primary target, with $108 as the extended objective.