Solana Reclaims $100 but Hits a Sell Wall Near $108–$110

Rising on‑chain activity and analyst upside hinge on whether buyers hold the $97–$100 support and absorb concentrated leverage that could spark sharp moves.

Overview

Solana has broken a multi‑week downtrend and now trades in the low‑$100s after a late‑August rally that pushed prices toward $110.
The $97–$100 area has flipped to short‑term support and a 4‑hour Supertrend sits near $100.95, making that zone the immediate test for bulls.
Order‑book snapshots show a sell wall around $108–$110 that has capped upside and several buy walls near $100–$102 that are defending the breakout.
Derivatives heatmaps identify dense liquidation clusters around $100.5–$101 and $104–$105, which could amplify moves if price enters those bands.
Network fundamentals and macro drivers could matter next: daily active addresses have risen to about 5 million and continued ETF inflows plus validator governance proposals could tighten supply and shape the rally’s durability.