Solana (SOL) is heading towards $105 after a technical breakout above $96

The cryptocurrency Solana (SOL) experienced another bullish phase this week, breaking key technical levels that confirm its status as a high-performance blockchain within the crypto ecosystem. After surpassing resistance levels at $90 and $92 , the price of SOL is now trading above the 100-hour moving average, consolidating its gains. This momentum comes in a context where Solana outperforms Bitcoin (BTC) and Ethereum (ETH), drawing investor attention to its technical capabilities, particularly its high throughput and reduced transaction fees. What Happened Solana reached a peak at $96.85 before slightly correcting toward the Fibonacci retracement level of 23.6% of the recent uptrend. The price remains supported by an uptrend, marked by a support line at $92.20 on the hourly chart. The immediate resistance is at $96.20 , with a potential target at $96.50 and then $98 in case of a technical breakout. Analysts estimate that if the momentum holds, SOL could continue its rise toward $102 and $105 . Trading volume remains high, reflecting strong investor interest in this cryptocurrency, whose market capitalization stands at $55.14 billion . Why It Matters The technical breakout of SOL above $96 strengthens trader confidence and could attract new capital to the Solana ecosystem. A push toward $105 could position SOL as a credible alternative to other Layer 1 blockchains, in a context where investors seek high-potential assets. On a broader scale, this dynamic could support a generalized rebound of altcoins, particularly those related to blockchain infrastructure. Solana’s performance also highlights the growing importance of scalable solutions in a market seeking efficiency and profitability. To Watch A breakout above $98 could accelerate the trend toward $102 and $105 . A drop below $92 would signal a potential correction and question the current momentum. The May 13, 2026 , a Bitcoin meetup in Paris could strengthen BTC adoption via the Lightning Network, a local event likely to influence the broader market. The technical levels and trading volume will remain key indicators to assess the sustainability of this bullish trend. Investors are encouraged to closely monitor the evolution of SOL, particularly in case of crossing or rejection of the critical thresholds mentioned.