- Solana broke out from a 91-day consolidation structure on the weekly chart
- Traders are watching whether SOL can reclaim the key $100 resistance zone
- Analysts see potential upside toward $110 if buying momentum strengthens
Solana is gaining renewed attention after breaking above a long consolidation range on the weekly timeframe. Analysts at CryptoPulse noted that SOL recently exited a 91-day trading range, with improving momentum supporting the breakout structure. At press time, Solana traded at $91.77, up 0.66% over the past 24 hours.
Solana Breakout Signals Strength After Long Consolidation
According to CryptoPulse, Solana showed improving technical strength after finally moving above its multi-month consolidation pattern. The breakout followed declining volume during the sideways phase, which analysts often view as a sign of reduced selling pressure before expansion moves.
The latest rally pushed SOL close to the $100 level before a sharp pullback emerged. Solana briefly climbed near $98.40 before falling toward $89.92 as profit-taking increased around a key resistance area. Despite that correction, the broader structure remains constructive because buyers continue defending higher support levels.
Technical indicators also reflect moderate bullish control. The RSI remains above the neutral zone, suggesting momentum has not fully weakened after the recent decline. Solana is also holding above the former breakout region near $87, which now acts as short-term support.
CryptoPulse believes a realistic upside target sits near $110 if momentum continues building. However, analysts also warned that the larger chart structure still resembles a possible head-and-shoulders formation, which could threaten the bullish thesis if resistance holds.
Solana Faces Key Resistance Between $97 And $100
The next challenge for Solana remains the heavy resistance cluster between $97 and $100. Market data shows repeated rejection attempts within that zone, making it a major barrier for buyers.
At the same time, Solana continues forming higher lows since early April. This pattern suggests demand has gradually returned to the market after the earlier correction phase. Buyers also successfully defended the critical $76 to $78 support range multiple times during recent weeks.
SOL is currently testing the Gaussian channel resistance area, which historically acts as an important trend indicator. A confirmed breakout above that region could strengthen the case for a larger recovery move toward $110.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
