As the price of Bitcoin stabilizes around $80,000, the momentum seems to be slowly returning to the crypto markets. Among the best-performing altcoins, Solana is showing a post-recognition power The price of SOL shares it rose above $90 and rose to $93 in the last few hours.
The rally has pushed SOL close to key resistance points, while technical indicators continue to highlight signals. Analysts now believe that a rise above local resistance near $95 could open the door to a long-awaited new rally at $100 this week.
Solana Price Analysis: Can Cattle Survive the Run?
The price of Solana is approaching the critical point after retrieving the $90 model with a strong upward trend. As market sentiment improves, traders are now looking to see if SOL can overcome local resistance near $95 and initiate a new rally towards the $100 sentiment level this weekend.
The daily chart shows that SOL is making a strong comeback from the key support area near $76 while making a strong low, indicating strong growth. The price is now testing the upper resistance near $95, which it tried to test again.
The rising trend continues to support the rally, while the Supertrend indicator has reversed. Meanwhile, the CMF indicator is back in positive territory, showing the improvement in buying pressure and the return of new funds. A break above $95 could open the door to a rally to $100 and higher levels. However, failure to overcome resistance may result in a return to the $89 support area.
Important Observational Standards
- Instant rejection: $95
- Maximum trading goal: $100
- Current support: $89
- Power point support: $76
Will Solana Price Reach $100?
Solana continues to be bullish as the price moves closer to $95. The lows and the buy optimization show that the bulls are trying to increase to $100.
However, SOL still needs to close strongly daily above the resistance level before confirming the next leg up. If the breakout happens over the weekend, Solana’s price could be very close to $100 this week. Otherwise, further strengthening below resistance may delay the move until next week.
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