Momentum

bullish

Solana

<p style="text-align: justify"><a href="https://en.coin-turk.com/charles-schwab-to-add-solana-avalanche-and-chainlink-for-39-million-clients/" rel="noopener noreferrer nofollow">Solana</a> (SOL) traded near $99.87 after falling 3.8% in the past 24 hours, positioning the token near a significant technical zone as market participants weigh the next direction. Throughout the latest session, Solana’s price fluctuated between $98.44 and $103.50, with the network’s market capitalization hovering around $58.43 billion.</p>
<h2 id="key-zone-100-103-support-in-focus">Key zone: $100-$103 support in focus</h2>
<p style="text-align: justify">Technically, Solana faces a decisive battle around the $100 to $103 range. The token briefly climbed above this critical level but quickly pulled back, demonstrating that buyers have yet to confirm the breakout as firm support.</p>
<p style="text-align: justify">Crypto analyst Ella described $100-$103 as the core reclaim zone after SOL opened at $103.03, rose to $104.36, and then dipped to $98.30. A daily close above this region could weaken the recent breakdown and strengthen the short-term setup.</p>
<p style="text-align: justify">Sustaining the price above $103 could clear the path for a move to $105 and, eventually, $110. However, if Solana fails to hold $100, the pressure may increase, exposing support at $95-$97 and prompting further consolidation near the breakout area.</p>
<blockquote>
 <p>A confirmed close above the $100-$103 area would encourage renewed bullish sentiment and could signal that Solana is reclaiming momentum after its latest drop.</p>
</blockquote>
<h2 id="weekly-falling-wedge-and-recovery-prospects">Weekly falling wedge and recovery prospects</h2>
<p style="text-align: justify">Solana’s weekly chart features a broad falling wedge pattern formed since its 2025 highs. The token’s price has narrowed between descending support and resistance, with the recent uptick driving SOL towards the zone’s upper boundary.</p>
<p style="text-align: justify">Analyst CryptoJack observed the wedge as a possible foundation for a longer-term reversal. Falling wedges typically attract bullish attention when prices approach their upper trendline, but a decisive breakout is required for confirmation.</p>
<p style="text-align: justify">Currently, the wedge’s upper region lies between $100 and $110, making this area critical. Should SOL post a clean breakout, attention may first turn to $120 and potentially expand to a $140-$150 target zone. Conversely, the lower support level sits around $60-$70, highlighting ongoing structural risk if the recent gains fail to hold.</p>
<h2 id="breakout-from-2026-consolidation-range">Breakout from 2026 consolidation range</h2>
<p style="text-align: justify">Solana recently broke out from a multi-month range, having traded for much of 2026 between the $60-$65 floor and resistance at $95-$100. According to analyst Mayne, after breaching this range, Solana is now retesting the former resistance as potential new support.</p>
<p style="text-align: justify">If the $95-$100 range acts as a new support base, the technical outlook remains positive, possibly fueling a rally toward $120. Otherwise, falling back below this area could see SOL revert into consolidation, stalling upward momentum.</p>
<blockquote>
 <p>With Solana now retesting the former range ceiling, market focus has sharpened on whether buyers can turn resistance into support before further expansion.</p>
</blockquote>
<h2 id="governance-and-supply-side-changes">Governance and supply-side changes</h2>
<p style="text-align: justify">On the supply front, the Solana community has passed a proposal to double the network’s disinflation rate to 30%, accelerating the reduction in new SOL issuance. Final voting reached the 66.67% threshold required for approval, a move expected to cut new token creation by around 18.9 million SOL over six years, or roughly $1.47 billion at current valuations.</p>
<p style="text-align: justify">While this policy shift does not guarantee near-term price gains, it alters Solana’s long-term supply dynamics and could prove especially significant in future bullish periods if expanding network use combines with diminishing token issuance. For now, this development offers a more constructive backdrop supporting technical recovery scenarios—provided SOL remains above $100.</p>
<h2 id="broader-momentum-market-structure-and-web3-shift">Broader momentum, market structure, and Web3 shift</h2>
<p style="text-align: justify">Momentum for Solana remains positive, driven by a strong advance from summer lows toward the current $100 region. Some consolidation in this area is possible as buyers and sellers battle for control. A daily close above $103 would offer the first sign that buyers are strengthening their position, while further gains would bring $105, $110, and potentially $120 into view, especially if multiple technical signals align.</p>
<p style="text-align: justify">The broader market context is also evolving, with traditional asset trading rapidly integrating blockchain-based solutions. As technical structures such as falling wedges and key resistance levels draw attention, a parallel trend is underway in capital markets. Wall Street is increasingly embracing Web3, as more investors use platforms like <a href="https://1stepswap.com" rel="noopener noreferrer nofollow">1stepSwap</a> to directly hold tokenized shares of major U.S. companies, gold, and silver within their crypto wallets. This approach, powered by tokenizing Real-World Assets and optimizing trades for best market prices in real time, is eliminating the need for traditional brokers.</p>
<p style="text-align: justify">With Solana’s technical setup and reduced supply outlook now intersecting with larger shifts in how investors access assets globally, confirmation around the $100-$103 region has become a focal point for the market. The next daily and weekly closes are likely to determine whether SOL resumes its upward trajectory or slips back into consolidation.</p>
<p>The post <a href="https://en.coin-turk.com/solana-slips-below-100-as-key-support-retest-puts-120-target-at-risk/" rel="noopener noreferrer nofollow">Solana slips below $100 as key support retest puts $120 target at risk</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana slips below $100 as key support retest puts $120 target at risk

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