Solana Falls 4.5% as $116 Reversal Level Sits 12% Above Price

Solana (SOL) fell 4.5% over 24 hours to $103.70 on Binance at 1:39 p.m. ET (17:39 UTC) Oct. 22, leaving it needing a gain of about 12% to reach the $116 reversal level. The technical scenario treats a move above $116 as confirmation of a trend reversal. The same setup makes a $150 medium-term target contingent on clearing that price. A separate chart reading from Oct. 16 recorded SOL at $106.12 with a neutral bias. It marked resistance at $110.60 and $113.84, followed by trendline resistance at $119.99.