Solana Price Holds Steady Above $100 Amid Weakening Momentum
Solana's price remains stable above $100 after peaking near $110 in late August, showing signs of weakening momentum and potential consolidation.
The price faces immediate resistance around $106.25 and $110, with technical indicators like the ADX suggesting a lack of strong trend direction.
Liquidity zones near $100 and $108-$110 create a tug-of-war for price movement, while positive capital flow supports stability above $100.
Analysts highlight a major accumulation breakout with a long-term target near $150 if key support holds, but short-term focus remains on maintaining the $100 level to avoid a deeper pullback.