Solana Price Rally Hits Resistance at $110

Solana's price has been on the rise, gaining 12.3% over the past week to reach $105.23.

This increase was halted at $110, a level analysts had identified as the token's first major resistance zone.

Two support zones are in focus: a weaker one between $102.57 and $106.76, and a more important one between $90.46 and $94.83 calculated using Fibonacci retracement.

If the upper support breaks, pressure will build towards the lower zone, and price would need to stabilize near the August 26 swing low to maintain the bullish structure.

A break below $90.46 would remove the bullish case entirely, opening the door to broader short-term downside beyond a simple intraday dip.