Solana is tightening below key resistance at $95, setting up a high-stakes battle between bulls and bears. Despite repeated rejections, price resilience maintains the bullish structure.
An ascending trendline supports higher lows, indicating ongoing accumulation. A sustained move above $95 could accelerate gains toward $100-$105. Failure, however, risks a sharp drop to $78-$75.
A rare divergence has emerged: RSI on the SOL/USDT pair is fading while SOL/BTC holds strength. Historically, weakness first appearing in USDT pairs signals deteriorating momentum.
If BTC-denominated support breaks below $12,573 POC, both pairs may collapse in tandem, targeting $77 initially and $67 next. Despite SEC’s classification of SOL as a commodity, price action remains cautious.