Solana Price Breaks Out of Multi-Month Resistance Zone

Solana's price has broken out of its multi-month resistance zone around $103-$106, and is currently holding above $100 after reaching a high of about $111.

This move was accompanied by sharply expanding volume, which suggests that the breakout may be genuine. The key support level for SOL now lies between $100-$103, while the next major resistance zone appears around $112, followed by the larger psychological barrier at $120.

The Solana network's DEX ecosystem has been a major driver of this momentum, ranking second in weekly spot volume behind Binance for nine consecutive weeks. This level of trading activity is a strong indication that SOL is being actively used and traded within its ecosystem.