Solana Price Teeters on the Edge of Breakout or Crash

Solana's price is coiled at $105.32, and momentum is flatlined, while aggressive spot-side selling contradicts a heavily long derivatives book.

This setup is crucial in determining whether Solana's price will reach $108.42 or drop to $99.

The broader crypto market has been digesting weeks of recovery, with Solana positioned above every major moving average, indicating that the trend is technically intact.

Bulls have controlled the market since the low $80s, and there's no dispute about it.