Solana price rebounds from $100 as bearish signals cloud recovery

Solana price has rebounded above $106 after testing $100 support, but negative daily momentum and several overhead moving averages leave its recovery facing resistance. Solana price traded near $106.20 after recovering from an Oct. 15 intraday low of $100.62. Daily MACD remained negative, while the price stayed below its $114.95 Bollinger midpoint. The 4-hour chart placed nearby moving average resistance at $109.21, $112.67, and $114.43. Analyst Aman identified $97–$99 support, with a conditional downside target of $75–$77. TradingView’s Binance SOL/USDT daily chart showed Solana at $106.21 on Oct. 15, up 1.84% for the session after moving between $100.62 and $106.51.

Source: crypto.news