Solana (SOL) is showing signs of a rebound, recording $105.00, up 1.12% over the past 24 hours.

According to cryptocurrency analysis media outlet Cryptotraders.com, as selling pressure threatened the low of $100.83, strong buying volume flowed in, pushing the price back out of the discount zone. As a result, Solana recovered the $105 level.

However, it is still trading below its 200-day moving average, requiring a cautious approach from a technical indicator standpoint. The current price is sitting just below the recent high of $106.49. Buy-side liquidity is concentrated in this area, making it a key resistance level that is expected to determine the future direction of the market.

Cryptotraders.com analyzed that for Solana to secure additional upward momentum, it must either form a higher low above $105.16, or see buying volume flow into the $101.50–$102.00 range and then clearly break above $106.49 to close at that level. Conversely, it warned that if the $100.83 support line collapses, the trend could reverse downward.

[This article was written for informational purposes only and does not constitute investment solicitation or recommendation. All responsibility for investment decisions lies with the investor. AI assistance was partially used.]