Solana Soars Past $100, Eyes Target at $115

Solana's price surge has been one for the books, breaking through the two-month resistance zone between $78 and $79. This move extended its weekly gains to a whopping 32%, making it a clear structural recovery since June.

The token's price shot up from $87 to $103.50 in a single move, with sellers initially rejecting this high, causing a retrace towards $87. However, buyers defended the breakout area, forming a base between $92 and $97 as sellers lost momentum.

With buyers regaining their footing, Solana's price shot above $100, bringing the $103.50 ceiling back into play. If it closes above this level on a four-hour chart, it will be clear that all supply is out of the way, setting its sights on $115.