Solana's native token SOL has cooled off after touching an intraday high of $101.95, settling at $96.95 in recent trading. The move comes as market signals point to exhaustion after a rapid run, with the asset now considered overbought.
The high-flying token is showing classic signs of a short-term top. Traders watching the charts say a pullback toward the $91–$94 zone is the most likely near-term path, rather than another push upward.
Exhaustion Signals After a Hot Streak
The overbought reading isn't a mystery. After climbing to fresh highs, momentum has stalled, and the kind of buying that fueled the surge is fading. In plain terms, the asset has run too far, too fast.
When a token hits these levels, the market often takes a breather. The high volume that typically accompanies strong rallies has started to thin out, and profit-taking is a natural response. That doesn't mean the broader trend is broken, but it does suggest the next few sessions could be choppy.
The Pullback Path
The $91–$94 range is getting the most attention. It's the area where buyers might step back in, and where the price has found support in recent swings. A dip to that zone would represent a modest correction from the high, not a collapse.
That's the high-probability scenario, according to the data. It's not a guarantee, but the technical setup points there. If SOL can hold that zone, the uptrend remains intact. If it breaks lower, traders will be looking at other levels.
Recovery Target Left Unclear
There's talk of a 30-day recovery target, but the specifics aren't out there. The article that tracked the move referenced a target without giving a concrete number. That leaves a big question mark for anyone trying to plan longer-term moves.
What's known is that the token is overbought, and a short-term pullback is expected. The recovery, whenever it happens, will depend on how the market digests this shakeout.
For now, all eyes are on the $91–$94 zone. If that holds, the story is about a healthy reset. If not, the pressure could build. The next few trading sessions should give a clearer picture.
