Solana Tests Key Resistance Zone Amid Decelerating Momentum

Solana's price has been hovering around $106.98 on September 6, 2023, marking a decisive resistance shelf that will likely determine the next directional move for the cryptocurrency.

The daily chart shows price stretched above every major moving average, yet momentum gauges are beginning to fade exactly where conviction is most needed.

The hourly frame offers a cleaner bullish read, with EMA20 at $105.44, EMA50 at $104.13, and EMA200 at $102.89 stacked correctly beneath the close of $106.99.