Crypto
Solana Reclaims $100 as Notable On-Chain Buyer Returns
Solana has reclaimed the $100 area after a notable on-chain buyer returned to purchase 95,928 SOL worth approximately $9.74 million.
The large wallet's return is significant as it adds fresh attention to Solana's rebound and potentially strengthens its case for reclaiming territory lost during its broader decline.
From a price perspective, holding above $100 would be crucial for Solana bulls targeting $120. However, momentum is stretched with the RSI near 78.6, suggesting the rally could pause or retrace before attempting another leg higher.