Solana is trading at $105.23, marking a 12.3% gain over the past week after facing rejection at $110. Analysts had identified $110 as the cryptocurrency’s first major resistance level.
According to analysts, Solana’s pullback from $110 began within the past day, later than a similar retracement already visible on Bitcoin’s chart. The move is currently viewed as an internal correction within a broader uptrend rather than a trend reversal, provided key support levels continue to hold.
Solana Support Levels to Watch
Two support zones are now in focus. The first is a weaker zone between $102.57 and $106.76, which is considered mainly relevant for intraday trading. The more significant support area lies between $90.46 and $94.83. Analysts calculated this range using Fibonacci retracement levels measured from Solana’s August 16 low to this week’s high.
If the upper support zone breaks, selling pressure could push Solana toward the lower range. The price would need to stabilize near the August 26 swing low to preserve the current bullish market structure.
A break below $90.46 would invalidate the bullish outlook, according to the analysts, and could open the door to broader short-term losses rather than a limited intraday decline.
Solana Price Target: $133
On the upside, the analysts’ Fibonacci resistance projection points to a potential Solana price target near $133. Reaching that level depends on the current support structure holding throughout the pullback.
However, upward momentum has already started to weaken. Price action has become more volatile below $110, and a deeper pullback into the weekend appeared increasingly likely. At the time of recording, the immediate micro-support level had not yet broken.
What the Solana Price Setup Means for Traders
Solana’s next move may depend on the narrow support band between roughly $102 and $95. Holding above this area would keep the path toward $133 open. Losing the zone would shift attention toward the $90 support level, while a break below $90.46 would signal a more significant change in Solana’s short-term trend.
