As the price continues to consolidate within a narrow range, the market is closely watching whether Solana has the ability to break through key resistance. If it can effectively surpass the current resistance zone, the SOL price may challenge the important psychological level of $100; conversely, if it faces resistance again, the current oscillation pattern may continue.
The current chart shows that Solana is approaching a dense resistance area between $88.5 and $89.3, which has repeatedly prevented its attempts to break above $100. Recently, the price rebounded from a strong demand zone around $70 and successfully returned above this accumulation area, indicating that buying power is regrouping.
It is noteworthy that selling pressure is relatively sparse before the $95 to $96 range. This means that once SOL stabilizes in the $90–$92 range on a daily basis, the path to break above $95 may quickly open up, as there is a lack of significant selling pressure above.
Additionally, the Relative Strength Index (RSI) has broken above the neutral level of 50 for the first time this year, reflecting that bullish momentum in the market is gradually accumulating. If the price can maintain above the recent demand zone and the RSI continues its upward trend, SOL may accumulate enough momentum to challenge the next resistance level near $95 and further test the $100 mark.