Solana has posted a 7% increase in the past 24 hours, aligning with the broader market’s recovery. While this surge may appear promising, technical and on-chain data suggest that the coin could face significant resistance. Despite the recent rally, SOL risks shedding these gains and could fall below the $100 mark if bearish pressures dominate. Solana’s Price Surge Lacks Momentum While impressive, SOL’s current rally largely reflects the broader market trend rather than demand for the altcoin
source: https://beincrypto.com/solana-price-rally-faces-risks/