Solana's Price Rally Faces Resistance, Analysts Eye Key Support Levels

Solana's price has surged over the past week, reaching $105.23 and increasing by 12.3%. However, it was met with resistance at $110, a level that analysts had predicted would be the token's first major hurdle.

This pullback is being seen as an internal correction within a broader uptrend, rather than a reversal. Experts warn that if Solana falls below its weaker upper support zone of $102.57 to $106.76, it could put pressure on the lower zone between $90.46 and $94.83.

If the price stabilizes near the August 26 swing low, the bullish structure will remain intact. However, a break below $90.46 would remove this bullish case entirely and potentially lead to broader short-term downside.