Solana is testing a major turning point after breaking above its first significant bear-market resistance zone. A firm hold above $100 could strengthen the recovery and bring higher resistance levels back into focus.
Solana Clears First Major Bear-Market Resistance on Weekly Chart
Solana is attempting a technically important breakout after months of consolidation, with SOL pushing above the first major resistance zone formed during its bear-market decline. Bluntz described the move as SOL “clearing the first major bear market resistance,” arguing that strength in higher-beta crypto assets is more meaningful when major cryptocurrencies are also breaking key technical levels.
Solana SOL Weekly. Source: Bluntz on X
The Binance SOL/USDT weekly chart shows SOL trading near $102 after moving above a horizontal resistance area around the low-to-mid-$90s. That zone had repeatedly capped recovery attempts following Solana’s decline from the roughly $240-$250 region, making the latest move an early sign that the market structure could be improving.
The breakout is more significant because SOL spent several months building a base beneath resistance rather than immediately reversing higher. Price repeatedly stabilized around the $70-$90 region before this week’s advance, suggesting sellers were gradually losing control near the upper end of the range.
Momentum is also strengthening. Weekly RSI has risen to about 58, moving decisively above the neutral 50 level and its slower moving average near 40.5. That shift supports the bullish interpretation because momentum is accelerating without yet reaching the traditional overbought threshold around 70.
Confirmation, however, still depends on the weekly close. SOL would strengthen the breakout case by holding above roughly $95-$100 and converting the former resistance zone into support. A sustained move above $100 could expose the next visible resistance areas around $110-$120, followed by the broader $130-$140 region where price previously traded heavily during the decline.
The main invalidation signal would be a return below the breakout zone. If SOL falls back beneath roughly $90-$95 on a weekly closing basis, the move would risk becoming a failed breakout and could put the lower consolidation range back in focus. For now, the chart favors improving momentum, but holding former resistance as support is the key test for whether the breakout develops into a larger trend reversal.
SOL Reclaim of $100 Could Put Higher Resistance Zones Back in Play
Meanwhile, Leo highlighted $100 as the key level for Solana, while also pointing to a Solana governance proposal and stronger on-chain activity as possible fundamental catalysts. The chart itself shows why the $100 area matters technically: SOL has rallied from a prolonged consolidation and is now challenging the upper boundary of its recent range.
Solana SOL $100 Weekly Reclaim. Source: Leo on X
SOL is shown near $97.51 on the weekly chart, directly beneath a horizontal level around $100 after rebounding from the roughly $60-$80 consolidation area. The latest candle has pushed above most of the recent range, but the market has not yet established a decisive weekly hold above $100.
A confirmed reclaim would represent a meaningful change in structure because $100 has acted as the dividing line between the recent base and the larger resistance zones left behind during Solana's decline. If buyers secure weekly closes above that level, the chart identifies the next major areas of potential supply near $125-$130, around $155-$160 and close to $195-$205.
Those levels are important because they correspond with previous areas of heavy trading and repeated reversals. SOL does not need to reach them immediately for the breakout thesis to remain constructive. The first requirement is simply for $100 to stop functioning as resistance.
The chart also provides relatively clear invalidation levels. A rejection from $100 followed by a sustained move back below roughly $75-$80 would weaken the breakout attempt and return SOL to its previous consolidation. Below that range, the next major horizontal support shown on the chart sits around $45-$50.
Leo separately argued that a proposed change affecting Solana's supply dynamics could become an important catalyst if approved, while saying on-chain activity is also improving. Those points remain part of his market thesis rather than signals established by the price chart itself.
For traders focused on the technical setup, the practical signal is straightforward: a weekly reclaim and hold above $100 would strengthen the case for a broader recovery toward the $125-$130 region, while failure to maintain the breakout would keep SOL trapped inside its larger base.
