Solana is trading at $105.23, up 12.3% over the past week, after facing rejection at the $110 resistance level that analysts had identified in advance as a major barrier.
The pullback from $110 is being treated as an internal correction within a broader uptrend rather than a reversal, provided specific price floors continue to hold, according to market analysts.
Support Zones in Focus
Two support zones are critical to watch. The first, described as weak and relevant mainly to intraday moves, sits between $102.57 and $106.76. A more significant zone lies between $90.46 and $94.83, calculated using Fibonacci retracement from Solana's August 16 low through this week's high.
If the upper support breaks, pressure builds toward the lower zone. For the bullish structure to remain intact, price would need to stabilize near the August 26 swing low. A break below $90.46 would remove the bullish case entirely, opening the door to broader downside.
Upside Potential and Trading Implications
On the upside, analysts project Solana's next target near $133, contingent on the current support structure holding through the pullback. However, upside momentum has already begun slowing, with price action turning choppier below $110.
For traders, Solana's next move hinges on a narrow band between $102 and $95. Holding above it keeps the path toward $133 open. Losing it shifts focus toward the $90 zone, and a break below that would mark a more meaningful shift in trend for the token.
