Solana Tiptoes Above $100 as Traders Eye $110 Breakout

Solana has regained its footing above $100 after a summer of lows, but traders remain cautious as it teeters on the edge of resistance at $110.

The token's recent price action has seen it fluctuate between $101 and $102, still 8% below its late-August peak near $110. Analysts have identified key levels to watch: a layered obstacle course ahead with technical analysts mapping out a series of hurdles between $104 and $107, followed by a heavier liquidity wall from $108 to $110.

The August rally stalled at precisely this upper band, where short-term liquidation liquidity remains densely concentrated. A clean daily close above $110 would reinforce the case for a continuation toward $120, widely viewed as the next major bullish trigger.