Solana climbs above $105, tests upper Bollinger Band

Solana (SOL) surged 4.18% on September 18, moving from an opening price of $101.63 to around $105.89. The token traded between a low of $100.90 and a high of $106.67, reclaiming the $105 level and testing the upper Bollinger Band.

Technical overview

On the daily chart, SOL is trading above all four major moving averages. The 20‑day simple moving average sits at $101.87, providing the nearest dynamic support, while the 50‑day, 100‑day and 200‑day averages remain near $90.62, $83.55 and $82.68 respectively. The average directional index (ADX) recorded 41.91, indicating a strong trend.

The 4‑hour chart shows SOL above the Bollinger Bands’ middle line ($100.09) and briefly above the upper band near $105.47. The 4‑hour RSI reached 71.37, placing the token in overbought territory.

Liquidity and liquidation clusters

CoinGlass’ 24‑hour liquidation heatmap highlights overhead liquidity between $106.50 and $108. A break above the session high of $106.67 could draw price toward that zone, with further upside toward $110‑$112 if the level holds.

Support clusters exist between $103‑$105 and $100‑$101. A drop below $100 could expose the 4‑hour lower Bollinger Band around $94.71 and shift broader support to the 50‑day average near $90.62.

Analyst perspectives

On‑chain data shows more than 40 million SOL traded around $100, forming a significant support floor. Some analysts note a potential cup‑and‑handle pattern on the weekly chart, but longer‑term targets above $1,000 remain speculative.

Outlook

The short‑term setup favors buyers if SOL holds above $103 and the 20‑day average. A decisive close above $106.67 could trigger moves toward the $107‑$108 liquidation zone and the prior local highs of $110‑$112. However, the overbought RSI and proximity to the upper Bollinger Band raise the risk of profit‑taking. Failure to defend $103 may lead to a retest of $100, where both technical support and on‑chain cost bases are concentrated.