Solana Price Soars Above $100 After Notable Trader's $9.74 Million Purchase

A significant SOL purchase has boosted Solana's price above $100, sparking renewed attention to its rebound. A trader reportedly returned after two years of inactivity and purchased 95,928 SOL worth approximately $9.74 million.

This large-wallet accumulation has led to a strong price structure for Solana, making the $100-$120 region a crucial battleground in the market.

The chart suggests that if buyers can hold above $100, it would strengthen their case and potentially lead to another push towards $120. However, technical traders are watching closely as momentum is stretched, with the RSI near 78.6, above the commonly watched 70 threshold.