Solana (SOL) hit $99.03, gaining 2.49% over 24 hours, driven by recent network upgrades and renewed interest in Layer 1 tokens. Technical analysis indicates a consolidation phase, with the price holding above the 38.6% Fibonacci retracement at $95.15, a key support that has not been broken since late August. The 23.6% Fibonacci level at $101.16 represents the next major resistance to clear for the recovery to extend. On the 4-hour chart, the 50% Fibonacci level at $99.16 is the immediate test for bulls to sustain the recovery, while the $94.46 support (61.8% Fib) remains the next line of defense in case of a reversal.
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