Solana (SOL) is hovering near $85, facing a critical test of the $100 level. The narrow price action this week has put investor attention squarely on whether SOL can reclaim the psychological milestone.
Below All Key EMAs, Weekly RSI Approaches Oversold
Technically, SOL is trading under its 10, 20, 50, 100, and 200-day exponential moving averages, signaling resistance across nearly all timeframes. Such a configuration is typically bearish and suggests the asset needs a decisive climb above these levels to regain momentum. The 14-day RSI sits at 45.59, neutral on the daily chart, but the weekly RSI has dropped to 38.64, nearing oversold territory and indicating persistent selling pressure.
$85 Support in Focus, $86.61 Key Short-Term Resistance
The immediate support zone lies at $85.26. A break below that exposes the next supports at $83.34 and $82. On the upside, SOL must firmly clear $86.61 to pave a path toward $88.43 and beyond. The $100 mark is seen as the pivotal medium-term resistance and turning point, which has capped SOL for about four months.
Analyst Views Diverge: Some See Bottom, Others Target $800
Crypto analyst CryptoCurb noted that SOL's current price structure resembles NEAR's pattern before its recent surge, suggesting a quick rally to $100 once the downtrend line is broken. Analyst Borovik predicted that a strong bull wave could push SOL above $300 and possibly toward $500 within a year, but stressed that sustaining above $100 remains essential for those ambitions.
Analyst Mei-Lin shared on social media that she is actively buying in the current range, citing a strong horizontal band forming on the daily chart that indicates a likely new upward wave. She set short-term targets at $250, $460, and $800.
If SOL breaks through $100, the next technical resistances stand at $125, $150, and $175. For now, the $80–$90 zone continues to function as a key short-term support base.