$SOL Solana's Sharp Rebound Puts $107 Resistance in Focus
SOL/USDT is trading around $106.07 after bouncing strongly from $100.62. The 1-hour chart shows buyers stepping in aggressively, pushing price back above the $105 zone after an extended decline.
Current Price: $106.07
Resistance: $106.50–$107.00
Support: $105.30
Upside Targets: $107.94 / $109.00 / $110.58
The recovery has improved short-term momentum, but Solana still needs to overcome nearby resistance to confirm a stronger reversal. A sustained breakout above $107 could open the path toward $107.94 and potentially $109.00. If buying pressure continues, the $110.58 region may become a higher target.
However, rejection around $106.50–$107.00 could trigger profit-taking. Losing $105.30 may expose the $102.66 support area, while $100.62 remains the major recent swing low.
The key is whether buyers can turn resistance into support. Watch for confirmed candle closes and volume before entering. This rebound offers an opportunity to monitor, but confirmation remains essential in a volatile market.
SOL/USDT is trading around $106.07 after bouncing strongly from $100.62. The 1-hour chart shows buyers stepping in aggressively, pushing price back above the $105 zone after an extended decline.
Current Price: $106.07
Resistance: $106.50–$107.00
Support: $105.30
Upside Targets: $107.94 / $109.00 / $110.58
The recovery has improved short-term momentum, but Solana still needs to overcome nearby resistance to confirm a stronger reversal. A sustained breakout above $107 could open the path toward $107.94 and potentially $109.00. If buying pressure continues, the $110.58 region may become a higher target.
However, rejection around $106.50–$107.00 could trigger profit-taking. Losing $105.30 may expose the $102.66 support area, while $100.62 remains the major recent swing low.
The key is whether buyers can turn resistance into support. Watch for confirmed candle closes and volume before entering. This rebound offers an opportunity to monitor, but confirmation remains essential in a volatile market.