Friday 11-09-2026 at 16:53.

Solana ($SOL) is still trading in a critical range around $100.00 – $102.10, after successfully defending support in the $98.50 – $99.00 area. Although the medium-term trend shows sustained recovery (+34% over the last 30 days), the short-term momentum is going through a volatility compression period.

Metrics and Market Structure

* RSI (14): It stands at 57.4. Neutral zone with a bullish bias, leaving enough room to move before overbought levels.

* Moving Averages: The price remains trading above the SMA-30 ($94.56) and SMA-200 ($82.83), confirming that the underlying technical structure is still healthy. However, it faces short-term congestion with the dynamic averages SMA-7 and SMA-20 in the $103.15 range.

* Volume: Active participation is observed with a daily volume of ~ $3.86 MMD, maintaining a Volume/Market Cap ratio of 6.46%, above its monthly average.

Key Operating Zones

* Resistance Zone: $103.15 – $105.00. A breakout and daily close above $105.00 with increased volume would validate a new bullish impulse in search of $110.00 – $115.00.

* Immediate Support: $99.18 – $98.66 (Intraday VWAP and key support level). Losses below this zone would invalidate the short-term structure, opening the door to tests around $94.50.

Likely Scenarios

* Bullish Scenario (Confirmation): Sustained break above the $105.00 resistance. Catalysts such as adoption of network protocols and increased volume on DEXs support this move.

* Neutral Scenario (Sideways Range): Continuity of compression between $99.00 and $103.00. This is the ideal scenario to look for buys near the bottom of the range with protected liquidity and partial take-profits near the top.

* Bearish Scenario (Invalidation): Daily close below $98.66. Would indicate a correction toward deeper moving averages ($94.50).

> Risk Management: Avoid entering buys in the middle of the range ($101 - $102). Keep invalidation parameters adjusted below the main support.

(Disclaimer: Educational content only and technical analysis. Does not constitute investment advice or a recommendation).