Solana Breaks Through Key Resistance on Path to $115-$120 Range

Solana (SOL) has been gaining momentum in recent weeks, surging from around $75 in August to its current price of about $104.65, representing a gain of over 45%.

This growth is attributed to the cryptocurrency's ability to break through key technical resistance levels, including the 50-day and 100-day moving averages around $80.78 and $82.46.

As SOL continues to rise, its technical foundation appears stronger than that of assets like Hyperliquid, which has struggled to overcome long-term trend resistance.

However, the recent price surge has also led to severe overbought conditions, with the daily RSI rising above 80 before falling to around 73.4.