Solana Price Eyes Next Resistance at $110
Solana's price has been hovering near $103 after reclaiming its previous resistance area at $98, signaling continued short-term recovery. The broader market correction has not yet concluded, but technical patterns for Solana suggest that $110 will be the next major resistance in focus.
A sustained breakout could move attention to higher levels near $146 to $152, according to analysts. SOL stabilizes above $98 during corrective phase Key resistance and potential for further recovery Solana’s short-term outlook currently appears positive as its price holds above $98.
Analysts view the recent rebound as forming inside a corrective Elliott Wave structure, indicating that the move is not yet part of a new impulsive trend. More Crypto Online, an account specializing in technical analysis, described Solana’s action as consistent with a fourth wave correction following a rejection close to $110.
The platform noted that price developments have been characterized by overlapping moves, a structure typical for corrections rather than clear upward trends. Fibonacci retracement levels place immediate support at $102.50, $101.51, $100.53, and $99.14, creating a tightly packed support zone.