Solana's $100 Breakout Showdown
Solana (SOL) has reached a pivotal moment in its price recovery as it tests the key $100 resistance zone, following its strongest weekly advance in months and a new bullish momentum signal.
A breakout above this level could expose higher targets, including $116, $137, and $164, before potentially reaching $200. However, failure to clear the resistance area would return attention to lower support levels at $80 and $66.
The weekly SOL/USDT chart shows Solana trading near $96, a region that has previously acted as both support and resistance. A successful breakout above this area would be a crucial step in establishing a sustained bullish structure, according to analyst Woods.ai.
The green dot signal on the weekly chart represents an initial momentum shift following months of bearish signals. However, the signal remains preliminary until the weekly candle closes above $97, which could confirm a stronger trend reversal and expose higher resistance zones.