Crypto analyst Ali Charts has flagged a critical technical structure forming on Solana's daily chart, with the asset approaching what he called its most important resistance zone in months. In a post on X, the analyst noted that SOL continues to trade inside a well-defined channel, while rising buying pressure could soon trigger another test of the $98 ceiling.
According to the chart shared by Ali, Solana has oscillated between support near $78 and resistance around $98 since February. Despite recent market volatility, the structure remains intact and continues to guide price action. The chart showed SOL recently testing the upper boundary before sellers rejected the move near $98. However, buyers quickly defended the decline, helping SOL recover above the important mid-range area around $88.
Current Price at $91, Mid-Range Support Holds
At the time of the analysis, Solana was trading near $91, above the central pivot zone identified on the chart. Ali stated that maintaining strength above that level could support another push higher in the near term.
Breakout Targets and Reversal Risks
The analyst described the $98 level as the most important resistance area. A confirmed daily close above that zone could signal a larger upward move. According to Ali, a breakout above resistance may initially send SOL toward $107 before opening the path to $117. He also noted that repeated tests of resistance often weaken selling pressure over time, and continued buying activity can eventually force a breakout above heavily defended zones.
However, Ali warned that rejection from resistance could trigger another retracement. If buyers fail to reclaim $98 decisively, Solana may revisit the $88 support region. Losing that level could expose the asset to a deeper correction toward the channel floor near $78.
Solana continues trading within a multi-month range as investors closely monitor the crucial $98 resistance for confirmation of the market's next direction.