Did Solana bottom at $100? SOL price charts hint at a 150% rally

💡 DMK Insight

Solana’s recent dip to $100 could be a strategic entry point for traders eyeing a rebound toward $260. With SOL currently at $97.33, the market sentiment appears to be shifting positively, suggesting that buyers might step in soon. Traders should monitor key resistance levels around $100 and $110, as breaking these could signal a stronger upward momentum. Additionally, the broader crypto market’s performance will play a crucial role; if Bitcoin maintains its bullish trend, it could provide the lift Solana needs. However, it’s worth noting that if SOL fails to reclaim the $100 mark, it could trigger further selling pressure, potentially dragging prices lower. Keep an eye on volume trends as well—higher volumes on upward moves would indicate stronger conviction among buyers. In this environment, day traders might want to set alerts around the $100 and $110 levels, while swing traders could consider positioning for a longer-term play if a solid breakout occurs.