Solana (SOL) Faces Key Test: $100 Support vs $73–$89 Resistance

Published: 2026-06-20 13:13:09 |

Solana (SOL) is near a critical technical zone, with analysts split on whether a long-term rally toward $1,000 is likely or a deeper correction may follow. On the bullish side, analyst CryptoCurb says SOL could enter a major long-term accumulation area below $100. The weekly chart argues that prolonged consolidation under $100 may set up a breakout from the current range, followed by an extended uptrend and potential profit-taking above $1,000, based on past cycle behavior. The key decision point remains the $100 support zone. On the bearish side, Elliott Wave analyst More Crypto Online suggests the recent bounce may be only a corrective move. The SOL/USD daily view points to a Fibonacci resistance area roughly between $73 and $89, where sellers could regain control. If SOL rejects that zone, the bearish wave count projects another drop toward the $45–$60 support region, with a broader corrective structure potentially extending into 2027. Traders are watching whether SOL breaks above the $73–$89 resistance zone (weakening the bearish count) or rejects it (increasing odds of a new leg lower). Keywords to watch for SOL traders: $100 support, Fibonacci resistance ($73–$89), and downside targets ($45–$60), as signals may drive volatility over the next trading swings and influence longer-term positioning.

Neutral

The article presents a two-sided technical setup for Solana (SOL): bulls cite a potential long-term accumulation zone below $100, while bears highlight Fibonacci resistance ($73–$89) that could trigger another wave down toward $45–$60. Because the direction depends on whether SOL holds the $100 support or rejects the $73–$89 resistance, the near-term market impact is mixed rather than clearly bullish or bearish. In trading terms, these are “decision levels” that often increase volatility. If SOL successfully defends $100, it can attract dip-buyers and improve longer-term sentiment toward a possible move to higher cycle targets (even $1,000). If SOL fails and rejects resistance, the Elliott Wave count suggests momentum could shift to the downside, similar to past periods where failing key Fibonacci/weekly support led to extended corrective phases. Until a breakout/ breakdown occurs, traders may see range trading and fast rotation between short-term buyers and sellers—hence a neutral overall classification.