The Solana (SOL) chart marking $106.49 today shows more than a four percent gain on the day and firmly answers those who thought the move had lost steam.
After exploding from the $70 floor to touch the ceiling at $110.60, the price went through that heavy profit-taking that tested everyone's patience near $95.
Instead of making room for a deeper pullback, buyers built a wall, held the dips, and responded with a consistent sequence of green candles climbing step by step.
This recent reversal shows that the psychological battle around $100 was won comfortably, and it now works as a reliable protection floor.
The current daily candle has decisively broken the intermediate resistance at $103.80 and already reached the high of $107.30 in the last 24 hours, showing total absorption of selling pressure.
This steady buying pressure indicates that the market digested the previous top and has started accumulating positions again in order to attempt a new, strong advance.
To me, Solana’s chart wants to tell us that the asset formed a classic bullish pivot and is directly targeting the retest of the top at $110.60.
Holding a close above $105 confirms this continuation structure, paving the way for a real attempt to break the recent high.
Do you think Solana goes straight from $110 to seek new highs, or does it still take another rejection at this resistance before breaking out? Leave your thoughts in the comments.
