Solana (SOL) reject $98; watch $90.25 and $78 for breakout or breakdown
Solana (SOL) no fit break di $98 resistance zone. After sellers reject dat level, SOL drop to about $91 but e still hold pass $88, keeping di February-to-date horizontal channel intact (about $78.17–$97.79). Key intermediate levels wey dem mention na $88.02 and $92.89.
For traders wey dey trade Solana (SOL), di bullish trigger na daily close above $98. If e close pass $98, e go make di breakout case stronger, with upside targets near $107 first then about $117. If SOL reject $98 again, risk fit shift higher toward $88, and if e go deeper e fit test di $78 support area.
On di 4-hour chart, SOL dey stabilize near $93 after e bounce. Fibonacci levels show say buyers dey defend between about $91.97 (38.2% retracement) and $90.25 (50% retracement). If e hold above $90.25, di short-term bullish Elliott Wave scenarios go still dey possible and e go allow another try toward di $97 area. If momentum better, resistance dey around $110–$112 and wider target near $121.96. If e lose $90.25, di short-term outlook go weak, and attention go shift to $77.95 and $75.40.
Neutral
Di kain mixture for SOL news. If e no fit clear $98, di big horizontal range ($78.17–$97.79) still dey, wey dey limit immediate upside confidence. But SOL still hold pass $88 after e reject $98, mean say sellers never fully take control yet.
Short-term, traders go likely focus on $90.25 (50% Fibonacci). If e dey above there e go keep bullish Elliott Wave continuation scenarios alive and increase chance for another push toward $97–$98 area. If e break below $90.25 na near-term warning, e go shift probability toward $77.95 and $75.40.
Longer-term direction depend on whether SOL fit reclaim $98 decisively on a daily close. If e do, e go change setup to bullish with higher targets ($107 then $117). Without that confirmation, market likely go treat rallies into $98 as sell opportunities, keep neutral-to-bearish trading conditions inside the range.