Solana Price Dances Around $103 Support Level
Solana's price has been hovering around $103 after a recent breakout from its broad base. The cryptocurrency, which had spent months trading between the upper-$60s and the high-$90s, emerged with a sharp August breakout through the range ceiling.
The question on traders' minds is whether the former resistance area around $98-$100 can now become support. A daily SOL/USDT chart shared by Inmortal shows Solana's price structure as constructive as long as it does not decisively lose the breakout area.
According to Inmortal, a hypothetical pullback below $100 followed by a recovery would strengthen the case that the old resistance has flipped into support. SOL would then need to clear the recent consolidation highs near $110 before the larger upside scenario gains credibility.
A sustained breakdown beneath the breakout zone would weaken this interpretation and point to additional reference areas near $82 and the upper-$60s as potential concerns.