Solana Surges Past Key Resistance Zone as Momentum Gains Strength
Solana's price has broken above its first major bear-market resistance zone, reaching $102 on the weekly chart. This move is significant because it shows that sellers are losing control near the upper end of the range.
The base beneath this resistance was built over several months, with SOL repeatedly stabilizing around the $70-$90 region before advancing this week.
Weekly RSI has risen to about 58, moving decisively above the neutral 50 level and its slower moving average near 40.5, indicating strengthening momentum without reaching the traditional overbought threshold.
A hold above $100 would strengthen the recovery and bring higher resistance levels back into focus, potentially exposing the next visible resistance areas around $110-$120, followed by the broader $130-$140 region where price previously traded heavily during the decline.