SOL Technical Outlook: Solana Faces Selling Pressure Near $101 as Key Support Is Tested

Solana (SOL) is trading around $101.08 after facing rejection from the $104–$105 resistance zone. Following a strong recovery from the June low near $81.72, SOL rallied above $100 before losing momentum and pulling back toward its short-term support levels.

Price is now trading below the 20 EMA and 50 EMA, while RSI has dropped to 35.98, indicating increasing bearish pressure. Buyers need to defend the $100–$101 region and reclaim nearby resistance to prevent a deeper correction.

📈 EMA Structure

🔹 20 EMA: $105.19
🔹 50 EMA: $105.61
🔹 100 EMA: $100.40
🔹 200 EMA: $98.33

SOL is trading below the 20 EMA and 50 EMA, indicating short-term bearish pressure. The 100 EMA near $100.40 is an immediate support reference, while the 200 EMA near $98.33 could become important if selling continues.

A sustained recovery above $102.29 would be an early sign of improvement. Reclaiming $105.19–$105.61 would provide stronger evidence of a bullish recovery.

📐 Fibonacci Levels

🔹 0: $61.72
🔹 0.236: $75.04
🔹 0.382: $134.88
🔹 0.5: $157.48
🔹 0.618: $180.09
🔹 0.786: $212.26
🔹 1.0: $253.25

SOL is trading well below the higher Fibonacci retracement levels, with immediate price action focused on nearby horizontal support and resistance. The $100–$101 area is the key short-term decision zone, while a recovery above $105 could improve the technical structure.

🟢 Bullish Scenario

Immediate resistance is around $101.72, followed by $102.29 and $104.09.

Potential upside targets:

🎯 $102.29–$104.09
🎯 $105.01–$106.05
🎯 $108.62–$109.84
🎯 $111.04–$114.35
🎯 $117.68–$121.96

Reclaiming $102.29 would be an early sign that buyers are returning. A stronger move above $104.09–$105.61 could open the way toward $106.05 and $108.62.

If buying pressure increases and SOL reclaims the 20 EMA and 50 EMA, the $109.84–$114.35 region could become a potential upside target.

🔴 Pullback Scenario

Key support levels:

⚠️ $101.08–$100.40
⚠️ $98.33–$97.06
⚠️ $92.94
⚠️ $86.69–$82.23
⚠️ $81.70

If SOL loses $100.40 decisively, price could retest the 200 EMA near $98.33. A sustained breakdown below $97.06 could expose the $92.94 support level.

If selling pressure accelerates further, the $86.69–$82.23 region could become relevant, with $81.70 as a broader support reference.

🧠 Market Structure & Liquidity

Recovery → Resistance Rejection → Pullback → Support Test → Potential Bounce or Breakdown

SOL recovered strongly from its June low near $81.72 and rallied toward the $104–$105 region. However, the recent rejection has brought sellers back into control in the short term.

The $100.40–$102.29 region is the immediate decision zone. Holding this area could support a bounce toward $104.09 and $105.61. Losing the 100 EMA could bring the $98.33–$97.06 support zone into focus.

📊 RSI Momentum

🔹 RSI: 35.98
🔹 RSI MA: 38.94

RSI is below 50 and below its moving average, confirming weak momentum. The indicator is approaching oversold territory, but this does not guarantee an immediate reversal.

A recovery above 40–45, supported by a price reclaim of $102.29, would suggest improving momentum. Continued weakness alongside a breakdown below $100.40 could increase downside pressure.

🎯 Key Levels

Resistance: $101.72 → $102.29 → $104.09 → $105.01 → $105.61 → $106.05 → $108.62 → $109.84 → $111.04 → $114.35

Support: $101.08 → $100.40 → $98.33 → $97.06 → $92.94 → $86.69 → $82.23 → $81.70

📌 Final Outlook

SOL's short-term structure has weakened below the 20 EMA and 50 EMA, with RSI at 35.98 reflecting persistent selling pressure.

The immediate battle is around $100.40–$102.29. Holding this zone could support a recovery toward $104.09 and $105.61. A sustained breakout above $105.61 would provide stronger evidence of a bullish recovery.

On the downside, losing $100.40 could expose $98.33 and $97.06, with $92.94 as the next important support reference.

Bias: Short-term bearish below $105.19–$105.61. Holding $100.40–$102.29 could allow a relief bounce, while a confirmed breakdown below $98.33 would increase downside risk.
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