Solana (SOL), the native token of the Solana smart-contract platform, is facing a decisive test near $98.60 after a sharp rejection at resistance, and the level now stands between stabilization and a deeper pullback, according to an analysis by More Crypto Online.

The analyst shared the assessment in a post on X, identifying $98.60 as the threshold that could determine SOL's next directional move. A decisive break below it would open the way for another decline, while reclaiming $109 — the October 21 high — would improve the recovery outlook and make another upward move more likely.

Market data cited in the report shows SOL recently trading at $99.56, down 2.38% over 24 hours and 4.74% over seven days, leaving the token hovering just above the closely watched support.

Support Under Pressure After Resistance Rejection

More Crypto Online reports that SOL met a firm rejection at resistance but continues to hold above support near $98. The analysis frames $98.60 as the level that could dictate the next move, warning that a decisive break beneath it would clear the path for renewed selling.

Levels like this one draw attention because they serve as shared reference points for market participants, meaning the price reaction around them is often treated as information in its own right. The price is now approaching that support zone, leaving buyers little room to shrug off additional selling pressure. Holding $98.60 would allow the market to stabilize, but persistent weakness would raise the risk of further downside.

The central question, per the analysis, is whether the current area can be defended. Any recovery would need to extend beyond a brief bounce; without stronger buying, resistance is likely to keep limiting upward attempts.

Downside Targets Come Into View Below $98.60

Should support fail, More Crypto Online identifies the $76.76–$87.77 range as a potential downside target. That zone sits within a wider support area stretching from $70.16 to $94.43, and a move there would place SOL well below its recent trading levels.

The nearer target range offers the first area to monitor during a sustained decline, though reaching it would not automatically produce a rebound. Buyers would need to demonstrate fresh demand before any recovery could take shape.

The broader zone extends beneath the current market and covers several price levels. If selling continues through the narrower range, trader attention could shift to the wider area, where price behavior would help establish whether buyers are willing to return.

A minor drop short of $98.60 would not on its own settle the trend. Traders would need to assess whether SOL remains below support or quickly returns to it. A sustained breakdown would provide stronger evidence that sellers remain in control.

A Move Above $109 Would Shift the Outlook

The October 21 high near $109 marks the key upside threshold in the analysis. More Crypto Online says a move above that level would make another advance more likely; until then, SOL must recover the ground lost during its recent rejection.

The prior peak carries weight in this framework because it marks the most recent price where the advance stalled, which is why reclaiming it is treated as confirmation that the recovery has room to continue. The distance between $99.56 and $109 leaves a clear hurdle for buyers. Reaching resistance would be only one step — the price would need to move above the level and maintain that position for a breakout to be confirmed.

For now, the market faces two clearly defined possibilities. A break below $98.60 would bring the lower target range into focus, while a move above $109 would strengthen the case for another upward attempt. Trading between the two levels would leave SOL without a confirmed directional break, with buyers working to regain resistance and sellers looking for support to fail.

The latest figures show SOL losing ground over both measured periods, with the 2.38% daily decline and 4.74% weekly drop set against a chart structure where support and resistance remain well defined. Neither outcome is confirmed by the available data.

For the moment, $98.60 stands as the downside level to watch, while $109 marks the recovery threshold. SOL's next sustained move around these prices will determine which scenario gains traction.

Source: Cryptofrontnews