Solana Breaks Above Major Resistance Zone, Targets Key Levels
Solana has broken above its first significant bear-market resistance zone on the weekly chart, and is now testing a major turning point.
The cryptocurrency has been consolidating around the $70-$90 region for several months before pushing above the horizontal resistance area around the low-to-mid-$90s, making this move an early sign that the market structure could be improving.
The breakout is significant because SOL spent months building a base beneath resistance rather than immediately reversing higher. Price repeatedly stabilized around the $70-$90 region before this week's advance, suggesting sellers were gradually losing control near the upper end of the range.
Momentum is also strengthening, with the weekly RSI rising to about 58 and decisively above the neutral 50 level, supporting the bullish interpretation. However, confirmation still depends on the weekly close, which needs to hold above roughly $95-$100 for the breakout case to strengthen.