Solana price has rebounded toward $108 after falling close to $100, but its position below daily trend resistance leaves the recovery facing an early test near $111.
TradingView’s $SOL /USDT daily chart showed Solana trading at $107.77 on Oct. 13, up 1.90% during the session. The token had moved between $101.69 and $109.07, recovering roughly 6% from its intraday low while remaining below its early-October trading area near $120.
Compared with the Oct. 7 reference price of $120.65, the latest chart reading put SOL approximately 10.7% lower. The rebound reduced the weekly loss, but the daily chart still showed a sharp retreat from the recent highs and a price below its 20-day average.
Solana’s $106 band faces a fresh support test
TradingView’s daily Bollinger Bands placed the lower boundary at $106.01, the middle line at $116.43 and the upper boundary at $126.84.
SOL had recovered above the lower band by the chart’s latest reading, following an intraday move beneath it. The rebound left $106 as the nearest visible band level below the market, followed by the session low at $101.69 and the psychological $100 threshold.
The daily chart showed that Solana’s recent advance had carried the token from its August trading area in the $70s toward $120. The latest correction pulled price back beneath the middle Bollinger line, reversing part of that advance without returning SOL to its earlier base.
At $107.77, the token remained about 8% below the $116.43 middle band. A recovery toward that line would therefore require SOL to move through the session high at $109.07 and the overhead liquidation concentrations visible on CoinGlass.
The daily average directional index stood at 31.06, down from higher readings during the preceding advance. The indicator measures trend strength rather than direction; alongside the falling price and declining reading, the chart showed a weakening of the earlier upward trend.
The daily setup places the first recovery test near $109, with the 20-day average farther above. On the downside, a renewed move beneath $106 would bring the recent low near $102 back into focus.