Solana (SOL) Keeps $100 Alive, Recovery Push Faces First Test

Solana's price initially failed to surpass $112, triggering losses. A recovery wave brought SOL above $102, but it encounters significant resistance. The price currently trades under $110 and the 100-hourly simple moving average. A crucial bearish trend line is forming, with resistance at $108. Clearing $108 and $110 could support further upward movement. Solana's recent recovery began around $95, mirroring Bitcoin and Ethereum's movements. Important resistance levels are found at $108, $110, and potentially $115. If $108 cannot be broken, the price might continue decreasing. Key support levels are at $101 and $95, with a potential decline to $80 in a bearish scenario. Technical indicators like the RSI and MACD suggest some bullish momentum.