Solana Surges Past $100, Retests $103.50 as Trading Volume Hits Record High

The Solana token has surged to over $100 and is retesting its resistance zone at $103.50, a level it had previously broken through in June.

This recent price action has resulted in the clearest structural recovery for SOL since June, with the token extending its weekly gains to 32% after breaking above the critical two-month resistance zone of $78-$79.

The surge was preceded by a record high trading volume for Bitwise's Solana Staking ETF (BSOL), which hit $108.65 million in daily volume, surpassing its previous high and average volumes.