Solana Holds $100 as Rally Tests $108–$110 Resistance
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Overview
Solana (SOL) failed to hold gains above $112 and pulled back, but a recovery attempt has kept the $100 zone intact. The token has reclaimed levels above $102 but remains capped under the $108–$110 area and is trading beneath the 100-hour simple moving average.
Key takeaways
- SOL staged a rebound from roughly $95 and regained the $100 level.
- Price action remains below $110 and the 100-hour SMA.
- An hourly bearish trend line is limiting upside near $108.
- Clearing $108, and then $110, would likely open the path to higher targets.
Price action and immediate resistance
SOL bounced from a low around $95.81 and advanced above the 23.6% Fibonacci retracement of the drop from the $119 swing high. Bears are active under $110, with an hourly downtrend line presenting resistance close to $108. The coin is also trading below $105 and the 100-hour SMA, so the $108 area (near the 50% Fib) and $110 are the nearest hurdles to overcome.
If bulls breach those levels, the next meaningful resistance sits at $115. A sustained close above $115 could clear the way toward $122 and then $125.
Downside scenarios
If SOL fails to take out the $108 obstacle, sellers could regain control and pressure the price lower. Initial support is near $101, followed by a stronger floor around $95. A break under $95 may target $88, and a decisive close below $88 would likely extend losses toward the $80 zone.
Technical indicators
- Hourly MACD: gaining within bullish territory, suggesting improving momentum.
- Hourly RSI: above 50, indicating mild bullish tilt but not overbought.
- Key support levels: $101 and $95.
- Key resistance levels: $108 and $115.
Bottom line
SOL’s short-term recovery preserved the $100 area, but the rally faces its first significant test around $108–$110. A successful break above those barriers would favor further upside; failure to clear them could reopen the downside toward $95 and lower.