Solana Soars as Profitable Trader Returns with $9.74M Buy

Solana's price rebound has gained momentum after a profitable trader returned to buy $9.74 million worth of SOL, according to Lookonchain.

The trader, who had previously generated around $4.95 million in profit from two swing trades over the past three years, purchased 95,928 SOL near the psychologically important $100 level.

This has sparked interest among technical traders, who are watching a major resistance test that could determine whether Solana extends towards $120 or retracts towards support.

The combination of large-wallet accumulation and improving price structure has turned the $100-$120 region into the market's next important battleground.