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Solana is trying to extend its latest recovery above the psychologically important $100 level, putting $110 and potentially $120 back on traders’ radar.
SOL was recently trading around $101–$102 after pulling back from its late-August high near $110. The token remains well above its summer lows, but the next leg of the rally depends on whether buyers can turn the $100 area into durable support.
Recent technical analysis places immediate resistance around $104–$107, followed by a heavier liquidity zone between $108 and $110. A clean break through that area could dramatically improve the short-term Solana price prediction and reopen the path toward $120.
SOL Bulls Need to Clear $110
The current structure is relatively straightforward.
Analyst Ucan recently highlighted $97.70 as an important support level, with the bullish structure remaining intact above it. On the upside, $120 is the larger breakout level; clearing it could expose significantly higher targets.
That makes the area between $100 and $110 particularly important.
Solana previously stalled near $110 after its August rally, while short-term liquidation liquidity remains concentrated around $108–$110. Crypto.news identified resistance near $106.25 and $112.50 after SOL retreated from its August peak.
| $120 | Major breakout target |
| $108–$110 | Main resistance zone |
| $104–$107 | Immediate resistance |
| $100 | Psychological support |
| $97–$98 | Bullish structure support |
| $90–$94 | Deeper downside zone |
A daily move above $110 would therefore strengthen the case for a continuation toward $120. Losing $97–$100 could instead expose SOL to another correction toward the low-$90s.
ETF Demand Still Supports the Bigger Picture
Institutional demand remains one of Solana’s strongest fundamental supports.
U.S. Solana ETFs entered September after a strong August, including an 11-day streak of positive net inflows, although momentum subsequently cooled
We previously tracked the institutional push after Solana ETF assets crossed the $1 billion mark.
The slowdown matters because ETF buying helped support SOL’s recovery from its summer lows. A renewed acceleration in inflows could provide the extra demand needed to challenge the $110 resistance area.
Solana Top Holders Add Another Variable
Large wallets are also worth monitoring during a potential breakout.
The current Solana rich list shows several addresses holding millions of SOL. The largest tracked address recently held roughly 5.18 million SOL, or around 1% of tracked supply. However, analysis of the biggest wallets indicates many are staking accounts rather than individual whales preparing to sell.
That distinction is important: large holdings can look threatening on-chain without necessarily representing immediate exchange liquidity.
Source: coinpaper.com