Solana Price Forms Bullish Setup Above $96 Support Amid Divided Analysts

Solana's price has formed a bullish setup above $96 support, according to recent market developments. The token had gained about 14% over seven days and reached a weekly high above $102 after improving risk appetite, short liquidations, ETF inflows, and network developments pushed SOL above several resistance levels.

The daily Relative Strength Index has climbed to 79.32, well above the commonly used overbought threshold of 70. However, this does not automatically signal an immediate decline, but it shows that SOL may need to consolidate before attempting another sustained move above $100.

Liquidity is visible near $96, and a failure to break through the overhead cluster could send SOL back toward lower-leveraged positions. Analysts are divided on the token's direction, with some expecting a rally toward $120 and others predicting a correction below $92.