Satoshi

Solana

Momentum

Status

<p><a href="https://en.coin-turk.com/crypto-prices-rebound-as-tensions-ease-and-etf-outflows-stir-uncertainty/" rel="noopener noreferrer nofollow">Solana</a>, buoyed by renewed upward momentum in recent days, is fighting to hold onto short-term support levels. The cryptocurrency is approaching a zone marked by significant resistance around $95 and $98. Analysts suggest that a sustained movement above this range could accelerate Solana’s recovery process and pave the way for new gains.</p>
<h2 id="buyers-aim-for-98-as-next-short-term-milestone">Buyers aim for $98 as next short-term milestone</h2>
<p>On Solana’s eight-hour chart, a rising trendline stands out, highlighting the current optimism in the market. Analysis shared by Satoshi Flipper points to the $98 level as the next critical target for buyers, particularly after recent corrections. Solana’s latest bounce from its trendline keeps short-term sentiment positive, but this outlook depends heavily on whether the ascending support can be maintained.</p>
<p>Technical indicators also signal a mild improvement. The Relative Strength Index (RSI) rebounded just as it neared the 30 level, suggesting selling pressure may be easing. Still, for Solana’s upward movement to persist, buyers will need to overcome immediate resistance zones in the near term.</p>
<blockquote>
 <p>Analysts emphasize, “Short-term structure will remain positive as long as the price pushes toward the $98 resistance. If a correction occurs, the $80 to $82 band will be the first area where new demand may appear.”</p>
</blockquote>
<p>For now, Solana is seeking to establish a more stable base, with a decisive move toward $98 signaling strong buyer participation. Conversely, if the price falls below the rising trendline, the $80 to $82 support region may come into play once more.</p>
<h2 id="124-weekly-level-seen-as-critical-for-trend-change">$124 weekly level seen as critical for trend change</h2>
<p>From a weekly perspective, Solana is still trying to recover after its sharp drop from $295. According to analysis by Dami Defi, the price remains below the former $95 support region, with the $124 mark—representing the 50-week exponential moving average (EMA 50)—presenting a major obstacle for any sustained rebound.</p>
<p>A clear recovery above $95 would indicate a reclaimed support, but is not seen as conclusive evidence of a trend shift. To confirm a broader bullish reversal, Solana must close above $124 on the weekly chart. Analysts note that Solana has struggled to achieve a lasting recovery since losing this crucial level earlier in the year.</p>
<p>Should Solana surpass the $124 resistance, attention would shift to targets in the $175 to $200 range. These bands are viewed as potential starting points for a new upward trend. However, if the price dips below $83, the next major support could be found around $60.</p>
<p>Mini glossary: EMA (Exponential Moving Average) is a technical tool that assigns greater weight to recent prices in financial markets. It is commonly used in technical analysis to identify resistance, support, and trend direction.</p>
<table>
 <thead>
  <tr>
   <th>Level</th>
   <th>Commentary</th>
   <th>Status</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$80 – $82</td>
   <td>Short-term support area</td>
   <td>Likely to be tested during a pullback</td>
  </tr>
  <tr>
   <td>$95 – $98</td>
   <td>Initial resistance zone</td>
   <td>Immediate upside target</td>
  </tr>
  <tr>
   <td>$124</td>
   <td>Critical weekly EMA 50 level</td>
   <td>Trend reversal indicator</td>
  </tr>
  <tr>
   <td>$175 – $200</td>
   <td>Secondary resistance after breakout</td>
   <td>Main target on weekly trend</td>
  </tr>
  <tr>
   <td>$60</td>
   <td>Strongest support level</td>
   <td>Comes into play if major decline occurs</td>
  </tr>
 </tbody>
</table>
<h2 id="key-levels-driving-solana-pricing-outlook">Key levels driving Solana pricing outlook</h2>
<p>Analysis highlights the importance of the $98 and $124 thresholds in shaping Solana’s price direction in the coming period. Generally, buying activity increases as the price approaches these critical points, while losing key supports could intensify selling pressure across markets.</p>
<p>Which levels Solana will test in the short and mid-term depends on overall market conditions and the balance between buyers and sellers. Incoming data and new market trends in the coming weeks will play a crucial role in determining future direction.</p>
<p>The post <a href="https://en.coin-turk.com/solana-targets-98-as-traders-watch-124-dollar-hurdle/" rel="noopener noreferrer nofollow">Solana targets $98 as traders watch 124 dollar hurdle</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana targets $98 as traders watch 124 dollar hurdle

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