Solana Price Breaks Out Above $96 Support

Solana's price surge above $96 support signals a possible breakout, as the token trades near $97.50 after gaining about 14% over seven days.

The rally was driven by improving risk appetite, short liquidations, ETF inflows, and network developments that pushed Solana above several resistance levels.

Despite briefly crossing the $100 'ultimate resistance' level, the price stalled below it, but remains above $93.75, indicating a bullish setup.

However, an overbought Relative Strength Index (RSI) of 79.32 suggests that Solana may need to consolidate before attempting another sustained move above $100.