Solana price clears 200-day SMA with $100 in sight

Solana price surged 25% over the past week and briefly reached $93.39 on Aug. 21 as a market-wide short squeeze pushed SOL above its major moving averages. The breakout has opened a path toward $98 and $100, although an overbought daily reading raises the risk of a short-term pullback. Summary Solana price climbed 25% in one week and traded near $92 after reaching $93.39. SOL broke above its 20-day, 50-day, 100-day, and 200-day moving averages. The daily relative strength index reached 81.74, placing SOL deep in overbought territory. Liquidation data shows nearby liquidity around $93–$95, followed by support near $90 and $88. Solana price breaks out of a two-month range According to data from crypto.news, Solana (SOL) price was trading near $92 at the time of writing, up almost 5% on the day after moving between $87.57 and $93.39. The advance extended its weekly gain to approximately 25% and carried the token out of the range that had controlled its price since June. The daily chart shows SOL breaking above the $76–$78 resistance zone, where several recovery attempts had failed during July and early August. The move also cleared the previous swing high near $82, changing the short-...