Solana Price Stalls at $108 as Momentum Fades

Solana's price has stalled near $108 as bullish momentum begins to fade. The altcoin currently trades at around $106.98, sitting above its key moving averages but with momentum gauges starting to wane.

The daily chart shows a textbook bullish stack, with Solana holding comfortably above its 50 and 200-day EMAs. However, the Relative Strength Index (RSI) is approaching overbought territory at 68.52, and the Moving Average Convergence Divergence (MACD) histogram has turned negative.

The critical resistance zone for Solana sits between $107.07 and $108.50, a confluence of short-term pivots and daily R1. If price clears this band with genuine volume, it could open the path toward the daily Bollinger upper band near $113.96.