Solana is trying to turn the $100 area from resistance into support after a sharp recovery from its summer lows, improving the short-term technical picture. Two daily charts now put the focus on whether SOL can hold that breakout and clear $110.15, a move that could open a broader advance toward the $130-$150 region while the larger structure remains unconfirmed.
SOL Recovery Runs Into Major Fibonacci Resistance
Solana’s rebound from its June low has restored a local uptrend, but the first chart treats the advance as corrective and places SOL beneath a broad Fibonacci resistance area beginning at $110.15.
Solana SOL Fibonacci Resistance Zone. Source: More Crypto Online (@Morecryptoonl) on X.
The daily chart shows SOL recovering from roughly the low-$60 area and accelerating toward $100 before beginning to consolidate. That rebound has improved momentum, but the token has yet to break the first major retracement level that would strengthen the case for a sustained recovery.
The chart marks $110.15 as the 38.2% Fibonacci retracement and the first important resistance level. A confirmed daily move above it could shift attention toward $132.93, the 50% retracement, followed by $160.42 at the 61.8% level. The broader resistance zone extends as high as $209.63.
Those levels matter because the Elliott Wave interpretation on the chart still classifies the rise from the June low as corrective. In practical terms, SOL can continue climbing without yet proving that the larger bearish structure has ended.
That makes $110.15 a key confirmation point. A decisive break above it would support continuation toward the low-$130s, while failure to clear the level would leave SOL vulnerable to another pullback toward recently reclaimed support.
The chart also highlights substantially lower support zones near $62.43-$43.22. Those are not immediate targets, but they define the larger downside risk if the current recovery eventually fails.
Former Resistance Near $100 Becomes the Key Support Test
A second daily chart presents a more straightforward bullish setup: Solana has pushed through a resistance area around $100 and is now attempting to establish that same level as support.
Solana SOL $100 Support and $150 Target Zone. Source: TraderSZ (@trader1sz) on X
The chart shows the $100 region acting as a major pivot across several periods. SOL previously reacted around the same area during earlier market swings, making the latest breakout technically significant.
The central question is whether buyers can defend it on a retest.
If the former resistance zone continues to hold as support, the chart’s projected path points toward a much larger supply area around $148-$152. That zone previously acted as resistance and represents the next major structural hurdle above the current market.
The bullish scenario therefore does not require SOL to move directly toward $150. The first step is maintaining acceptance above the reclaimed $100 region. The next is clearing nearby resistance around $110, which closely aligns with the Fibonacci threshold identified in the first chart.
That overlap strengthens the importance of the $100-$110 range. Holding above $100 would preserve the breakout structure, while a move through $110.15 would provide stronger confirmation that buyers are gaining control beyond a simple resistance-to-support flip.
If SOL falls back below the reclaimed zone and cannot recover it, the breakout thesis would weaken. The chart identifies another major support area near $66, close to the summer lows, although a retreat that deep would require a much broader deterioration in the current structure.
Together, the two charts present a clearly defined Solana price prediction rather than an unconditional bullish call. SOL has improved its technical position by reclaiming the $100 area, but confirmation still depends on holding that support and breaking $110.15. If both conditions are met, $132.93 becomes the next visible Fibonacci objective, with the roughly $150 resistance zone emerging as the larger upside test.
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