Solana price climbs toward overbought zone, can buyers push past $100?

However, the broader structure still appears constructive as SOL continues trading above the strong pivot reversal zone near $93.75 while remaining well above the key long-term support area around $75, where buyers previously stepped in aggressively during earlier corrections.

A look at the Aroon indicator also reinforces the bullish outlook. Notably, the Aroon Up indicator currently stands above 85% while the Aroon Down remains near 0%, signaling that bullish momentum continues dominating the short-term trend.

Meanwhile, Solana is now approaching the 7/8 Murrey Math resistance level near $96.88, which is often considered a weak resistance and potential reversal zone. A successful breakout above that level could strengthen bullish momentum and potentially open the door for a move toward the psychological $100 mark, followed by the $103 and $106 resistance zones.

Still, momentum appears to be gradually approaching overbought territory after SOLs sharp rebound over the past several weeks. Failure to hold above the $93–$94 region could weaken the bullish structure and potentially trigger a temporary pullback toward the $90 support zone before another breakout attempt emerges.

For now, traders remain focused on whether Solana can establish a decisive move above $100, which could significantly strengthen the broader bullish structure heading into the second half of May.