An ascending trendline continues to support the rally, while the Supertrend indicator has flipped bullish. Meanwhile, the CMF indicator has moved back into positive territory, suggesting improving buying pressure and fresh capital inflows. A breakout above $95 could open the doors for a rally toward $100 and potentially higher levels. However, failure to clear the resistance may trigger a pullback toward the $89 support zone.
Key Levels to Watch
- Immediate resistance: $95
- Major bullish target: $100
- Immediate support: $89
- Strong support zone: $76
Will Solana Price Reach $100?
Solana continues to maintain a bullish structure as the price approaches the crucial resistance zone near $95. The formation of higher lows and improving buying pressure suggest the bulls are attempting to build momentum for a breakout toward $100.
However, SOL still needs to secure a strong daily close above the resistance zone before confirming the next leg higher. If the breakout occurs over the weekend, the Solana price could quickly rally toward the $100 milestone this week. Otherwise, continued consolidation below resistance may delay the move until next week.
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