Solana trades at $108.79 after 3.5% drop, key support at $107.50 as bulls eye $125

Market Structure Signals Bullish Reversal Potential

After rebounding from recent lows, Solana has broken its prior bearish pattern on the higher-timeframe chart. Moving above the previous lower high at $96 is considered an encouraging development by traders, as it signals that buying interest is challenging the earlier downward trend.

Chart analysis from prominent traders indicates that SOL currently trades above the former breakout region. Market observers note that the $80-$96 demand zone remains critical. Maintaining support here would reinforce the bullish recovery and set the stage for another move toward higher resistance.

The next major supply region is projected around $125-$145, where earlier price action attracted increased selling pressure. A sustained push into this area could strengthen a long-term reversal scenario, while dropping below the demand zone may weaken the overall outlook. A pivotal structural invalidation sits near $60.

Trading activity has shifted, with Solana now positioned above key structure levels. The $80-$96 zone is considered decisive for maintaining the emerging bullish trend, while resistance between $125 and $145 marks the next challenge for buyers.

Weekly VWAP Resistance and Short-Term Trends

Solana is fast approaching a critical weekly VWAP resistance around $115 after its recent rally. Technical analysis points to a convergence near $112.91, with the horizontal resistance band clustered at approximately $115.58.

A weekly close above this upper band, along with the $115 level, would boost confidence in a broader reversal. Reclaiming $113-$115 as support may provide additional confirmation of the trend, though another rejection at VWAP resistance could pull SOL back into the $80-$90 demand region. The short-term improvement in structure remains, but confirmation of a lasting breakout is still needed.

Key Support Zones and Technical Levels

SOL’s latest correction has brought it down from $112 to the current $108.79, placing immediate focus on whether buyers can sustain the recent advance. The price remains above the earlier structure break at $96, keeping the broader recovery in play.

Immediate resistance remains around $112-$115. A recovery above this would revitalize bullish momentum, opening a path toward $125. Higher up, resistance extends to the $140-$145 range. On the downside, the $105-$100 area serves as early support. A drop below $100 would bring $96 into focus, and losing that level could signal a return toward $80-$90.

On-Chain Momentum and Meme Token Activity

Solana’s network fundamentals have been strengthening, especially with a surge in stablecoin activity. The project’s official update reported daily active stablecoin addresses reached approximately 888,000 in September, representing a 269% rise from 333,000 a year earlier.

This rise in addresses adds a supportive on-chain backdrop for SOL’s technical recovery. However, analysts urge caution, as strong fundamentals do not always translate to immediate price gains—especially with resistance at $115 still proving significant.

Market participants closely monitor not only price action and resistance zones but also investor behaviors in adjacent segments like meme tokens. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a single trade involving “Niu Lai” converted a $99 investment into about $370,000, demonstrating the rapid impact of viral momentum. Analysts emphasize that tracking both timing and token choices is vital in this segment. Fomo App combines token discovery, trading, social feeds, investor rankings, and trade s, offering users the ability to follow meme token trends and investor activity more efficiently.

Daily active stablecoin addresses on Solana’ve surged to 888,000, up significantly from last year, contributing to an improved on-chain landscape. Still, whether this growth can be matched by sustained market demand remains in focus as SOL tests major resistance levels.

Short-Term Technical Analysis and Outlook

Solana faces early support at $107-$108 following its pullback from the $113-$114 zone. Remaining above this area could help stabilize price action, while breaking below may expose $102-$104 as the next defensive region. Crucial resistance remains fixed at $112-$114; reclaiming this could signal renewed upward momentum.

Overall, while Solana displays promising signs of recovery, bulls must defend key support levels and surpass resistance to validate a longer-term trend reversal. If the price fails to recover above $115 and loses nearby support, the focus could shift back to lower demand regions, potentially undermining the current bullish narrative.