Solana Price Faces Rejection at Key Resistance Zone

Solana's price has been on an upward trend, reaching $105.23 after a 12.3% increase over the past week.

The token faced rejection at $110, which analysts had identified as its first major resistance zone.

A pullback from this level began within the past day, with experts treating it as an internal correction within a broader uptrend.

Two support zones are in focus: a weaker zone between $102.57 and $106.76, and a more important zone between $90.46 and $94.83, calculated using Fibonacci retracement from Solana's low on August 16 to its current high.

A break below the upper support level would put pressure on the lower zone, and price needs to stabilize near the August 26 swing low to maintain the bullish structure.