Solana Price Rally Hinges on Holding $110 Breakout Zone

Solana's price has made a sharp recovery from its summer lows, reaching the $100 area and attempting to turn it into support. The technical picture has improved, but confirmation still depends on holding that support and breaking $110.15.

The chart shows SOL recovering from roughly the low-$60 area and accelerating toward $100 before beginning to consolidate. A confirmed daily move above $110.15 would shift attention toward $132.93, the 50% retracement, followed by $160.42 at the 61.8% level.

The broader resistance zone extends as high as $209.63. The Elliott Wave interpretation on the chart still classifies the rise from the June low as corrective, meaning SOL can continue climbing without yet proving that the larger bearish structure has ended.

A second daily chart presents a more straightforward bullish setup: Solana has pushed through a resistance area around $100 and is now attempting to establish that same level as support. If buyers can defend it on a retest, the chart's projected path points toward a much larger supply area around $148-$152.