The post Solana Enters a Decisive Phase: Can SOL Price Break Consolidation and Reach $100? appeared first on Coinpedia Fintech News
After a few unsuccessful attempts, the Solana price hits the $90 threshold, raising bullish possibilities for the coming days. The price had been trading within a tight consolidation zone over the past few sessions, reflecting a balance between buying and selling pressure. In the times when the broader crypto markets remain cautious, SOL appears to be approaching a crucial technical phase.
As the price continues to compress within this range, traders are closely watching whether Solana can break above its key resistance levels. A confirmed breakout could potentially push the price toward the $100 psychological mark, while a failure to sustain may keep the token stuck within its current consolidation pattern.
The chart shows Solana approaching a critical resistance band between $88.5 and $89.3, a zone that has repeatedly blocked attempts to reclaim the $100 level. Price recently rebounded from a strong demand area around the mid-$70s and has now moved back above this accumulation zone, indicating that buyers have started stepping in again.
Notably, the chart shows very limited supply pressure until the $95–$96 region. This suggests that if SOL manages to secure a daily close above the $90–$92 range, the path toward $95 could open relatively quickly as sellers appear limited in the immediate upside.
Besides, RSI has climbed above the neutral 50 level for the first time this year, signalling that bullish momentum is gradually strengthening. If it continues to trend upward while price holds above the recent demand zone, SOL price could build enough momentum to attempt a move toward the next resistance levels in the mid-$90 region, which may further extend to $100.