Solana (SOL) has attracted attention in recent days for its tight price range, now trading at approximately $85.40 after slipping 0.5% over the last 24 hours. Throughout the week, SOL has fluctuated between $81.92 and $87.68, encountering notable resistance near the $86.61 threshold in the short term. Experts suggest that if Solana manages to break through to $100, even higher price targets could come into focus for both medium and long-term investors.
Technical indicators reveal persistent selling pressure
Currently, Solana is priced below its 10, 20, 50, 100, and 200-day exponential moving averages. This technical setup means the asset is facing resistance across nearly all timeframes. Remaining beneath these long-term averages is typically seen as a bearish signal, suggesting a weak trend and indicating that SOL must climb above key levels to regain upward momentum.
The 14-day Relative Strength Index (RSI) sits at 45.59, considered a neutral signal. However, on the weekly chart, the RSI has slipped to 38.64, approaching oversold conditions and highlighting continued selling pressure in the market.
For SOL, the critical support zone lies at $85.26. A drop below this level would expose the next support points at $83.34, with a further safety net at $82. On the upside, SOL must decisively move past $86.61 to open a path toward $88.43 and beyond.
Investors and analysts focus on the $100 milestone
Many market watchers and technical analysts emphasize the significance of the $100 mark for SOL. Chart patterns suggest that a break above recent downward trendlines could see SOL rally toward $100 in a short period. Crypto analyst CryptoCurb noted that Solana’s current price structure resembles the setup in NEAR before its recent jump.
Analyst Borovik points out that Solana has been under the $100 barrier for about four months, predicting that if a strong bull wave shakes crypto markets, SOL could surpass $300 and even approach $500 within a year. However, he cautions that sustaining a move above $100 remains a key condition for these ambitions to materialize.
Short and medium-term targets and analyst views
Crypto market analyst Mei-Lin shared on her personal social media account that she is buying within the current price range. Mei-Lin observes the formation of a strong horizontal band on the daily chart, signaling a potential new upward wave soon. She listed her short-term target prices for SOL as $250, $460, and $800, respectively.
According to Mei-Lin: “We are inside a strong range on the daily chart; likely preparing for the next bullish wave. I have accumulated as much Solana as possible at these levels and believe a breakout is imminent. My targets are $250, $460, and $800 in the short term.”
If SOL overcomes the $100 barrier, the next technical resistance levels are at $125, $150, and $175. For now, the $80–$90 zone continues to function as a key short-term base of support for Solana.
Quick glossary: The exponential moving average (EMA) is a technical indicator that calculates the weighted average of prices over a specific period, giving more importance to recent prices. Falling below long-term EMAs signals a weak trend.
| Level | Significance |
|---|---|
| $85.26 | Immediate support level |
| $86.61 | Key short-term resistance threshold |
| $100 | Major medium-term resistance and pivot |
| $250, $460, $800 | Analysts’ medium-to-long-term targets |
Solana’s narrow price action this week has put investor attention squarely on whether the $100 level can be reclaimed. While technicals signal persistent selling pressure, a move past $86.61 could trigger renewed momentum toward higher benchmarks. Market watchers continue to monitor SOL’s response to these critical support and resistance zones.
