■  Solana price is retesting the upper limit of the range, extending from $51.16 to $63.95.

■  A clean flip of the $63.95 level into a support floor will open the path for SOL to kickstart a 10% upward move.

■  A rejection at $63.95 could see SOL retest the immediate support level at $57.55.

Solana (SOL) price attempts to breach a level that could be key in determining where SOL goes next. Investors looking to open long positions need to be watchful of this hurdle. 

Solana price ready to move higher 

Solana price has been trading inside the $51.16 to $63.95 range for nearly three weeks. With the Relative Strength Index (RSI) clearing the 50 mean level and the Awesome Oscillator (AO) flipping the zero level, a bullish outlook is more likely. 

A daily candlestick close that flips the range high of $63.95 into a support level is the signal that Solana price could go higher. Investors looking to open long positions could do so on the retest of this level. 

The next target of $70.35 is roughly 10% away. 

SOL/USDT 4-hour chart, Source: TradingView.

On the other hand, if Solana price is rejected at $63.95, it could drop 10% and retest the $57.55 support level. A breakdown of this barrier will invalidate the bullish thesis for SOL. In such a case, SOL could slide lower and tag $51.16.