Solana's SOL token remains in a tight trading range, testing the $98 resistance level but failing to secure a daily close above it. Despite this rejection, SOL continues to hold above the critical $88 support zone, maintaining its range between $78 and $98. Traders are closely watching these levels, as a breakout above $98 could signal a bullish shift, while a drop below $88 might lead to further declines.
Short-term price action shows SOL finding support around $90, with buyers stepping in to defend this level. A recovery above $93 indicates ongoing demand, though resistance at $97 remains a challenge. If SOL can break through this resistance, it may target higher levels around $110 to $112. However, a failure to hold above $90 could see the price revisiting lower support zones near $78.
Solana (SOL) Faces Resistance at $98 Amid Range-Bound Trading
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