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The post <a href="https://coinpedia.org/price-analysis/sol-price-rally-restarts-solana-eyes-100-with-this-comeback/">Solana’s Remarkable Surge: SOL Price Eyes $100 With This Comeback!&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the short-term pullback to the ascending support trendline, the SOL Price made a solid comeback with a rise in momentum. With a tweezer bottom formation at the support trendline, the burst in trend momentum skyrockets the Solana market cap.&nbsp; 
The ongoing recovery shoots past the previous swing high at $75, leading to a new 52-week high for Solana. Therefore, the ongoing rally strengthens the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction</a>, hinting at a positive end for 2023.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-1024x483.png" alt="" class="wp-image-253850" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-1536x724.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/15160254/SOLUSD_2023-12-15_15-28-53.png 1805w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/ByAwTZb9/">TradingView</a> 
Continuing the streak of higher low formation, the Solana trend sustains the bullish momentum and shoots beyond the $75 resistance level. Further, the bull run in SOL price leads to an ascending support trendline in the daily chart.&nbsp; 
Currently, the Solana trend shows no signal of a pullback phase in the near future. Supporting the positive move, the buyers are heavily stocking the SOL token as the intraday trading volume jumps by 40%.&nbsp; 
Further, as per the trend-based Fibonacci retracement level, the ongoing Solana recovery surpasses the 50% Fibonacci level. As the SOL Price uptrend approaches the 61.8% level, the chances of an $80 breakout increase significantly.&nbsp; 
With a high-speed bullish move, the price patterns are yet to form, and the exponential bullish growth leads to a 711% year-to-date return. Further, the sharp increasing trend momentum also increases the likelihood of the SOL price reaching the psychological mark of $100 before the end of 2023. 
Currently, the Solana token trades at $78.6 with an intraday rate of 3.87%, leading to a bullish engulfing candle. This marks the second consecutive bullish and increases the likelihood of an uptrend beyond the next resistance of $80.&nbsp; 
Technical Indicators: 
RSI Indicator: The sideways-moving daily RSI line can enter the overbought area with the ongoing bull run. Hence, the momentum indicator shows a bullish spark in the Solana trend. 
MACD Indicator: The MACD and signal lines support the RSI indicator and show the recovery to avoid a bearish crossover event with the rise of positive histograms. 
<h2 class="wp-block-heading" id="h-will-buyers-boost-the-sol-price-above-100">Will Buyers Boost The SOL Price Above $100?</h2> 
In the daily chart, the bulls prepare for an uptrend continuation as it teases the $80 breakout to reach the $100 mark. Moreover, the ongoing recovery and the improving market sentiments increase the likelihood of SOL Price crossing beyond $100. 
Conversely, a bullish failure to sustain momentum can retest the $75 breakout.

Solana’s Remarkable Surge: SOL Price Eyes $100 With This Comeback!

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