Solana Price Rally Hinges on $110 Resistance

Solana's price has been hovering near $102, with the key support level of $100 still intact. This could potentially lead to a continuation of its rally, targeting the $110 and $120 levels.

However, immediate resistance is expected around $104-$107, followed by a heavier liquidity zone between $108 and $110. A clean break through this area could significantly improve Solana's short-term price prediction.

Institutional demand remains strong, with U.S. Solana ETFs showing positive net inflows in August, although momentum cooled slightly. This support is crucial for the token, which has been recovering from its summer lows.