Solana Price Forecast: Bulls Defend Structure Ahead of $97 Breakout Test
Solana continued to gain bullish momentum this week, as traders pushed the asset toward a major resistance cluster near $97. The recent breakout on the four-hour chart followed several sessions of sustained accumulation above key support zones.
Buyers maintained control throughout the rally, while the market structure has shifted decisively in favor of continuation. However, the rapid price rise now increases the likelihood of increased volatility as traders approach psychologically important levels near $100.
Solana Momentum Strengthens Above Key Moving Averages
$SOL has been trading steadily above all major exponential moving averages in the latest phase of the rally. The 20-period EMA near $93.30 now serves as the first dynamic support zone. Additionally, the 50-period EMA near $90.34 continues to support the broader ascending structure.
The recent breakout occurred after Solana spent a significant period consolidating between $82 and $88. Buyers consistently defended higher lows in this range. As a result, bullish momentum gradually accelerated before launching a strong upward move toward the $95 region.
Trend indicators also reinforced the bullish outlook. The Directional Movement Index showed that buyers retain overwhelming strength, while bearish pressure remains limited. Furthermore, the ADX indicator continued to rise, confirming that trending momentum still dominates the market.
Despite the bullish optimism, short-term conditions appear increasingly protracted. The price is currently trading significantly above longer-term averages, including the 100-period and 200-period EMAs. Therefore, traders may begin to profit near current resistance levels.
Resistance zone near $100 attracts attention.
The immediate resistance zone between $96.80 and $97 remains a major hurdle for the market. A successful breakout above this level could quickly open up the next target near $98.50. Furthermore, the psychological barrier of $100 could attract aggressive speculative activity if momentum continues to strengthen.
Solana Price Dynamics (Source: Trading View)
However, rejection near current levels could trigger a healthy correction. Analysts continue to closely monitor the $93 zone, as it coincides with both a breakout zone and short-term trend support. If selling pressure intensifies, $SOL could return to a stronger demand region near $90.
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The broader structure continues to favor the bulls unless the price breaks below the macro support zone near $86.90. Until then, buyers continue to control the medium-term direction. Open Interest and Spot Flows Signal Cautious Optimism
Source: Coin Glass
Derivatives data reflects changing trader behavior following previous aggressive positioning phases. Open interest previously rose rapidly as Solana gained momentum over several cycles. However, leverage exposure has declined sharply since the market peak.
Current positioning data shows that traders are now favoring cautious participation over excessive speculation. Open interest has recently stabilized, although momentum has not yet fully returned to previous highs.
Meanwhile, spot flow activity shows a reduction in selling pressure in recent months. Previously, strong outflows reflected strong liquidation activity, as $SOL retreated from previous highs above $250. However, more stable inflow patterns have emerged during recent recovery attempts. Related: $SUI Price Forecast: $SUI Up 33%, Bulls Target $1.50 Breakout Zone
The latest net flow data continues to show moderate outflows of around $18.55 million. However, capital exits appear significantly weaker than in previous periods. As a result, investors are now awaiting stronger confirmation before decisively committing to another sustained breakout phase.
Solana Price Technical Forecast
Key levels remain clearly defined as Solana trades within a strong bullish continuation structure after breaking above the $88 consolidation zone.
To the upside: $96.80–$97.00 remains an immediate resistance cluster, with $98.50 as the next breakout trigger. A sustained move above these levels could open the door to the psychological barrier at $100.00 and potentially extend to $104.50 if momentum accelerates.
Downside Levels: $93.30 serves as the first support zone near the 20 EMA breakout zone. Below this, $90.30 remains the main trend support, followed by $88.20 as a broader structural demand zone. A deeper correction could take $86.90, which coincides with the 200 EMA and trend refutation level.
Resistance Ceiling