SOL Resistance Rejection at $98
Failure to break above $98 could lead Solana back towards $88 or even $78.
Too little corroboration in the last 3 days to call a trend (14 articles). Watching for it to gain traction.
Technical analysis indicates that failure to sustain a break above the $98-$105 resistance zone could trigger a reversal toward $88 or $78, with intermediate support at $95 representing a critical level; sources note that Solana has rejected every rally attempt from this resistance band since January.
Repeated rejection at specific price levels creates technical exhaustion that can trigger cascading liquidations in leveraged positions, which accelerates downside moves and attracts stop-loss selling; this dynamic matters because it creates asymmetric risk for momentum traders and can reverse sentiment quickly.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"If the Solana price falls below $100, however, the $95 support zone may become a possibility again. A loss of that level would place a strain on the bullish setup and put a risk of a deeper correction."
"SOL climbed 32% in August to reclaim $102 before pulling back below the $100 to $105 resistance zone that has rejected every rally since January. resistance at $100 to $105 remains the barrier with $120 as the target if that zone breaks."
"Solana has not closed above this obstacle at $76 since July 20. This suggests that sellers are likely dumping tokens when the price nears this resistance at $76."
"There are still issues with the broader trend. SOL's 200-day moving average, which is significantly above the market price, is still falling close to $90.40. Therefore, rather than confirming a new significant uptrend, even a breakout above $79 would initially indicate an improvement in the medium-term structure."
"Selling accelerated after SOL lost the $75 level, which had supported several earlier intraday rebounds. The three-day CoinGlass liquidation heatmap shows that Solana's slide cut through several leveraged trading zones between $75 and $73."
"DeepSeek Chat, on the other hand, signaled a bearish outlook, setting a price target of $72.50, which is a 7.25% decline."
"On the downside, the recovery narrative would be weakened and the likelihood of another move toward the low-$70 area would rise if support around $73 were lost."
"Failure to defend $72 would open a path toward the $60 zone again and delay recovery further into the second half."
"According to Ali, a crypto analyst, Solana's price drop comes as it ran into heavy resistance near $75."
"A break below $80 could shift attention to the year’s low near $68, where over $800 million in long leverage sits as a potential liquidity pocket in a downside scenario."