Solana Defends Rising Trendline at $106 as Traders Eye $115 Rally Target
Solana is demonstrating technical resilience above key support at $106 after pulling back from local highs near $110. Robust network activity and institutional interest are defending the bullish structure despite macro inflation headwinds. A sustained hold could trigger a rally toward the $115 resistance zone.
Solana buyers stepped in near $106 to defend a critical rising trendline after price action pulled back from a peak of $110. The token has shown solid momentum throughout recent sessions despite hotter than expected US macro inflation figures shaking broader markets.
Strong institutional appetite and rising network throughput continue to absorb spot sell pressure across key trading venues. The technical setup remains constructive as long as support near $106 holds on daily closes.
If bulls maintain control over this key level, momentum could spark a clean run toward the next major resistance cluster at $115.