Solana Hits Major Resistance: Is SOL About to Crash or Break $100?

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• Solana failed to break above the critical $97-$100 resistance zone.
  
• Liquidation data suggests a possible pullback toward $85 support.
  
• Institutional interest and ETF-related momentum still support SOL’s long-term outlook.

Solana has outperformed much of the crypto market in recent weeks, fueled by rising institutional interest and stronger exchange-traded fund-related activity. At one stage in May, SOL’s rally reportedly outpaced Bitcoin by nearly tenfold, highlighting growing investor appetite for higher-risk digital assets.

But despite the bullish narrative, Solana’s momentum is beginning to slow near a critical resistance zone.

After climbing toward the psychologically important $100 level, SOL has posted losses over the past three days, raising questions about whether buyers still have enough strength to push prices higher in the short term.

Solana Faces Pressure Near $100

Solana recently tested the $97-$100 supply zone again after reclaiming momentum earlier this month. However, sellers quickly stepped in, preventing a breakout above resistance.

The repeated rejection near $100 is becoming an important technical signal for traders. Historically, this area has acted as a ceiling for SOL, and the latest failure to break through suggests caution may be warranted despite improving market sentiment.

Still, broader market structure remains relatively stable. On-chain accumulation indicators continue trending upward, suggesting long-term holders are still positioning for potential upside rather than exiting aggressively.

Momentum indicators also remain moderately bullish after the token’s strong two-week recovery phase.

Liquidation Data Points to Short-Term Risk

While bullish sentiment remains intact overall, derivatives data suggests downside volatility could emerge before any major breakout attempt.

Liquidation heatmaps show heavy leverage activity between $92 and $97, but there is a larger concentration of long liquidations below current price levels. That imbalance increases the possibility of SOL revisiting lower support zones around $85 if buyers lose control.

For short-term traders, the $87.6 level is now a critical area to watch. Holding above that support could help stabilize price action and encourage another move toward resistance.

If that level breaks, however, bearish pressure could accelerate quickly.

Traders Wait for Confirmation

For now, many traders appear to be shifting into a wait-and-see approach.

Also Read: Solana Meme Coin Surges 1,000% After Roaring Kitty Posts, Then Crashes Hard

A confirmed breakout above the $97-$100 range would likely strengthen bullish momentum and open the door for another rally phase. On the other hand, failure to defend current support levels may trigger another corrective move before Solana attempts a larger recovery.

Despite recent weakness, institutional demand and growing ecosystem activity continue to support Solana’s longer-term outlook. The next few trading sessions could determine whether SOL is simply consolidating — or running out of momentum after its sharp May rally.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.