What to know:
- Ali Charts identifies $98 resistance while Solana maintains bullish channel structure.
- Solana rebounds above $88 support as traders anticipate another resistance retest.
- Analyst warns failed breakout could send SOL back toward $78 support.
Crypto analyst Ali Charts has pointed to a critical technical structure forming on Solana’s daily chart, with the asset now approaching what he described as its most important resistance zone in months. In a recent post on X, the analyst explained that SOL continues trading inside a well-defined channel, while growing buying pressure could soon trigger another retest of the key $98 ceiling.
According to the chart shared by Ali, Solana has moved between support near $78 and resistance around $98 since February. Despite recent market volatility, the analyst noted that the structure remains intact and continues guiding price movement across the broader trend.
The chart showed Solana 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.
At the time of the analysis, Solana traded near $91, placing the asset above the central pivot zone identified on the chart. Ali Charts stated that maintaining strength above that level could support another push higher in the near term.
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Ali Charts Maps Potential Breakout Targets for Solana
The analyst described the $98 level as the most important resistance area on the chart. A confirmed daily close above that zone could signal the beginning of a larger upward move for Solana. According to Ali Charts, a breakout above resistance may initially send SOL toward $107 before opening the path toward $117.
Additionally, repeated tests of resistance often weaken selling pressure over time. Traders frequently monitor these structures because continued buying activity can eventually force a breakout above heavily defended zones.
However, Ali Charts also warned that rejection from resistance could trigger another retracement. If buyers fail to reclaim $98 decisively, Solana may revisit the $88 support region once again. Moreover, losing that level could expose the asset to a deeper correction toward the broader channel floor near $78.
Solana continues trading within a multi-month range as investors closely monitor the crucial $98 resistance level for confirmation of the market’s next direction.
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