Solana Shatters $100 Barrier with 6.94% Surge

Solana has reclaimed the $100 price level after a significant surge of 6.94% on August 27, marking its highest value in roughly six months.

The token's price had been capped at $100 since spring, but it finally broke through this barrier, crossing above it for the first time since February when it closed at $109.18.

This move is particularly noteworthy as it comes after Solana hit highs of over $230 earlier in the year before grinding lower for months, finding a floor and now experiencing its second straight leg higher off those lows.

The question on everyone's mind is whether $100 will hold as support on any potential pullback, which would decide whether this move is just a bounce or a trend reversal.