Solana Price Holds Above $100 as Bulls Target Rebound
Solana's price has retreated to around $102.50 after reaching an intraday high of $110.04 on August 27, but its daily and 4-hour charts show that the broader August breakout remains intact above $100.
The token's price had risen by approximately 55% from its early-August low near $71 to the weekly peak, leaving it vulnerable to profit-taking as traders approached the end of the month.
On the daily chart, Solana's price had pushed above the upper Bollinger Band before sellers emerged near $110. The token remained above the indicator's middle band at $90.36, while the upper and lower bands stood at $114.36 and $66.36, respectively.
The 4-hour chart places the Supertrend support at $100.95, just below the market price. Solana has remained above the indicator since its breakout from the mid-$70 range, and the Supertrend has continued to signal an upward short-term structure.