Solana (SOL) Price: SOL Bounces to $105, but One Level Decides What Comes Next

TLDR SOL is trading near $105.70 on Oct. 19 after bouncing from last week’s selloff toward $100. The $100.43 level is the key support, with $108-$110 as the first resistance zone. U.S. spot Solana ETFs saw $12.7 million in outflows on Oct. 16, their 10th straight session of withdrawals. On-chain data is strong, with 2.22 million active addresses and about $1.44 billion in 24-hour DEX volume. Daily RSI is 42.72 and MACD is still bearish, so momentum has not yet turned. Solana (SOL) is trading near $105.70 on Oct. 19 after a rebound from last week’s selloff. The token opened near $103.97 and hit an intraday high of about $105.88. SOL is up about 1.6% on the day.

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