Solana Price Momentum Stalls at $121 Resistance

Solana's price has been on an impressive run, trading above major moving averages and reclaiming ground that would have seemed optimistic just months ago. However, the market is showing signs of exhaustion near the top of its range.

The daily chart shows buyers struggling to sustain pushes above $118, with each intraday spike getting faded. The Bollinger Band %B reading indicates price is compressed against the strong resistance at $121.68.

Momentum oscillators are also confirming hesitation, with the MACD histogram flatlining at zero and the RSI at 64.23 not yet in overbought territory. Meanwhile, Stochastic %K has crossed into elevated territory, often preceding a near-term rollover.