Solana Holds $85.10 as $96-$104 Target Stays in Play

⬤Solana is holding above a critical technical level as traders monitor whether the bullish structure can stay intact. SOL/USD is consolidating in the $87-$90 range, with the $85.10 mark serving as the line that keeps the current scenario alive. According to recent analysis, Solana’s consolidation signals a potential $100 move if buyers maintain control above this threshold.

⬤The chart setup combines Fibonacci retracement levels and Elliott Wave projections. Price is currently hovering near the 61.8% retracement zone around $87-$88, a level that typically triggers reactions in corrective structures. If support holds, the next upside targets sit in the $96-$104 range, where a significant supply zone becomes relevant.

⬤The downside scenario is equally defined. A decisive break below $85.10 would invalidate the bullish count and shift focus toward $75, the main range support on the chart. This mirrors conditions seen in prior weeks, when Solana rebounded from $80 support with $91-$92 resistance coming into focus, keeping traders in a tightly contested range between $76 and $90.

⬤The weekly close will likely set the tone for what comes next. Stability above $85.10 keeps the breakout scenario alive and opens the path toward higher resistance. Weakness below that level raises the probability of a deeper pullback. As one earlier report noted, Solana bounced off $76 support and now faces $90 resistance, a pattern that continues to define the asset’s short-term structure.