- Solana’s price appears to have found a bottom near $100, a level that previously sparked a 166% rally.
- Several technical resistances, including the $113-115 and $125-130 zones, must be overcome for a sustained recovery.
- Solana’s network fundamentals show strength, with Total Value Locked hitting a record high of 73.4 million SOL and daily transactions reaching a two-year peak.
Solana’s native token, SOL, may have established a crucial price floor around $100, setting the stage for a potential long-term recovery toward $260, according to technical analysis. This follows a 25% price drop that was halted by buyers defending the key three-figure support level.
Consequently, a V-shaped recovery pattern is forming on shorter timeframes, with the Relative Strength Index rebounding from oversold conditions. However, the bulls face immediate hurdles in the $113-$115 supply band where key trendlines converge. The next significant resistance lies between $125 and $130, an area defined by key moving averages.
Zooming out, the weekly chart highlights the historical importance of the $95-$100 support zone. A rebound from this level in April 2025 triggered a 166% rally to $250 by September 2025. Meanwhile, trader Tardigrade suggests a rebound from a descending channel’s lower boundary could target the upper trendline near $215.
Fundamentally, Solana’s network activity is surging. Its Total Value Locked (TVL) reached an all-time high of 73.4 million SOL, worth approximately $7.5 billion, data shows. This represents an 18% weekly increase, echoing a period in mid-2022 that preceded substantial price gains.
Additionally, daily transactions on the network hit 109.5 million, a two-year high. The daily DEX volume also reached an eight-month peak of $51.3 million SOL, according to DefiLlama. This robust on-chain activity, alongside a 115% surge in daily active addresses reported in late January, provides a strong fundamental backdrop for the asset.
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