Solana Cracks $96-100 Resistance Zone as Bulls Target $200
Solana is testing its key resistance zone around $96-$100 after its strongest weekly advance in months. This move comes as a new bullish momentum signal has turned green, indicating that buyers may be taking control of the market.
The token's weekly chart shows it trading near $96, and if Solana breaks above this area, several resistance zones could expose higher price targets, including $116, $137, and $164. However, a confirmed break above would still face challenges before reaching the $200 target highlighted by analyst woods.ai.
The 96-100 range has acted as support in the past but became resistance after Solana fell below it. Reclaiming this area through a weekly close could suggest that buyers have absorbed the supply that stopped previous rallies, making it an important level for Solana to flip before attempting a return towards $200.