Solana Price Soars Above $100, Eyes $140-$150 Target

Solana's price has surged above $100, breaking through previous resistance levels. The SOL token is currently trading at $106.49 after a 0.19% drop in the past 24 hours.

The next major target for Solana is around $120, with little structural resistance between the current range and this region. As long as the $97 level remains intact on pullbacks, the breakout structure continues to favor higher prices.

A strong momentum breakout has also supported Solana's move above $100. The token previously escaped a long consolidation around $79-$80, while RSI simultaneously pushed through its own resistance area.

The Solana Rainbow Chart places SOL near the upper end of its 'Fair Value' band, which sits around $90.75, while the next band labeled 'Getting Spicy' is positioned near $139.29. This makes the $139-$140 region particularly interesting if the current recovery continues.