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Solana targets 105 dollars this week after consolidating key support today

Solana price this week

Solana is currently trading at 85.76 dollars according to TradingView, marking a structural turning point for the Solana price this week. After the weekly RSI cooled down towards the 40-point zone, data suggests that the asset is preparing an assault on the liquidity walls situated above 90 dollars over the next seven days.

The relative strength oscillator has reached neutral levels following the correction suffered during the first half of February. This technical adjustment allows selling pressure to dissipate in a gradual way, establishing a solid base for the asset to attempt reclaiming market dominance against other layer-one protocols within the global blockchain, indicating an exhaustion of the immediate bearish trend.

Trapped liquidity at 105 dollars defines the price direction this week

The price zone between 90 and 105 dollars currently represents the largest cluster of pending sell orders. According to the liquidation heatmap, this range concentrates a massive amount of capital, meaning that any successful incursion into this territory would trigger an automatic execution of buy orders to cover existing short positions, accelerating the upward move in a parabolic fashion for traders.

Market makers usually drive the price action toward these high-density clusters to generate volatility and liquidity. Since many traders entered short positions late, a rally toward 95 dollars is likely, forcing a cascading closure that would act as a bullish catalyst to take the price to the triple-digit psychological resistance before the current weekly close concludes.

When analyzing the 2022 market cycles, we observe that RSI cool-offs similar to the current one preceded significant rebounds. Unlike the purely speculative drops of previous years, the current technical structure shows greater resilience, suggesting that the market is absorbing the available supply instead of capitulating, which strengthens the thesis of an organic recovery for the coming days.

Will Solana manage to invalidate its downtrend before Sunday’s close?

The descending trend line continues to act today as the main barrier to a positive narrative shift. Despite the recent stabilization, the asset needs a solid daily close above 89 dollars to validate that the distribution phase has ended, allowing the weekly RSI to finally begin its upward trajectory toward zones of greater technical optimism and confidence for the retail investor.

If the price fails to hold 84 dollars, the weekly recovery scenario would be seriously compromised. A break to the downside would attract new sell flows toward 75 dollars, invalidating the reversal pattern and forcing investors to seek deeper supports in a much more prolonged lateral accumulation phase than what the momentum indicators suggest at this precise moment.

The current macroeconomic environment favors the rotation of capital toward assets with solid technological fundamentals and proven scalability. Since Solana has maintained its structural integrity despite external volatility, the upcoming sessions will be decisive in confirming whether institutional interest is sufficient to pierce the 105-dollar resistance and establish a new stable trading range for the rest of the month.

Investors should monitor the trading volumes on decentralized exchanges to detect entries of real liquidity. If the order flow remains constant under this structure, the Solana price this week could surprise the bears with an aggressive vertical movement, consolidating its position as one of the most dynamic and resilient assets within the current maturation cycle of the digital ecosystem.

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