Solana Price Faces Pressure as Momentum Flatlines

Solana's price has been stuck in a tight range between $100.21 and $104.79, oscillating at around $102.33 as of September 5th.

Despite sitting comfortably above its moving averages, the momentum has flatlined, with the MACD histogram reaching zero after a multi-week rally.

This is a warning sign that buyers are exhausted and need a fresh catalyst to justify pushing into resistance.

The immediate gatekeeping resistance is $104.68, which was tested and rejected during the session high of $104.79.

Above this level lies strong resistance at $107.02, with breaking through it with volume confirming a continuation leg and opening up the Bollinger Band upper wall at $114.66 as a realistic swing target.