đ„ SOLANA IS BACK ABOVE $106 â IS THIS THE RECOVERY?
Solana is looking much healthier than it did a few hours ago.
On the 1H chart SOL is trading around $106.62, up 0.96%. The important part isnât the green candle alone â itâs the structure underneath it.
After falling toward the $103 area the chart has started making higher lows and price has climbed back above the rising moving-average zone. That gives buyers a better short-term setup.
Now the battle is around $106.6â$107.
A clean break above $107.50 could open the door toward $108â$110. But if SOL loses $106.02â$105.94, the recovery starts looking much weaker and sellers could push it back toward the lower levels.
The news angle: Solana continues to attract attention from traders because of its broader ecosystem activity and continued development across DeFi and on-chain applications. But Iâm not going to attach an unverified âbreaking newsâ catalyst to this exact move. The chart currently gives the cleaner signal.
For me, $107.50 is the level that matters next. Break it and momentum can accelerate. Reject it and SOL may need another consolidation.
Price: $106.62
1H: +0.96%
Support: $106.02â$105.94
Resistance: $107.50
Bullish: 55/100
Neutral: 30/100
Bearish: 15/100
Setup: Moderate bullish
đ Watch $107.50 closely â that breakout could decide SOLâs next move.
$SOL
Solana is looking much healthier than it did a few hours ago.
On the 1H chart SOL is trading around $106.62, up 0.96%. The important part isnât the green candle alone â itâs the structure underneath it.
After falling toward the $103 area the chart has started making higher lows and price has climbed back above the rising moving-average zone. That gives buyers a better short-term setup.
Now the battle is around $106.6â$107.
A clean break above $107.50 could open the door toward $108â$110. But if SOL loses $106.02â$105.94, the recovery starts looking much weaker and sellers could push it back toward the lower levels.
The news angle: Solana continues to attract attention from traders because of its broader ecosystem activity and continued development across DeFi and on-chain applications. But Iâm not going to attach an unverified âbreaking newsâ catalyst to this exact move. The chart currently gives the cleaner signal.
For me, $107.50 is the level that matters next. Break it and momentum can accelerate. Reject it and SOL may need another consolidation.
Price: $106.62
1H: +0.96%
Support: $106.02â$105.94
Resistance: $107.50
Bullish: 55/100
Neutral: 30/100
Bearish: 15/100
Setup: Moderate bullish
đ Watch $107.50 closely â that breakout could decide SOLâs next move.
$SOL
