#SOL just caught my attention.
The Binance chart shows $107.89, up 11.06% in 24 hours, with price pushing close to the $109.62 daily high. The bigger move is even more interesting: the monthly chart is showing a strong rebound from the recent lows.
And there’s a fresh catalyst behind the move.
Nasdaq-listed DeFi Development Corp. has resumed buying SOL, adding roughly 19,000 SOL at an average price of $98.14 and taking its holdings to about 2.33 million SOL and equivalents.
At the same time, Solana is going through its first major on-chain governance vote. One proposal could accelerate SOL's supply reduction, while another could significantly increase SOL burned through transaction fees.
But here's the catch: $109–$110 is the immediate test.
If buyers break and hold above that zone, the chart could start opening the door toward the $140–$147 area. If the breakout fails, I’d watch $96.30 first, followed by the ~$94 area.
I wouldn't chase a vertical candle here. I'd rather see buyers prove they can hold the breakout.
Bullish: 60/100 | Neutral: 25/100 | Bearish: 15/100
Setup: Moderate-Strong
Could SOL turn this rebound into a much bigger move? The next few candles around $110 may give the first real answer.
