Solana's Price Reclaims Key Technical Levels

Solana has been showing signs of recovery in recent days. According to data from the daily Binance SOLUSDT perpetual chart, the cryptocurrency has moved back above its 100-day moving average for the first time in 205 days.

This technical shift is significant because it often indicates that short-term momentum is improving and buyers are trying to take control. However, the reclaim still needs follow-through and a daily close and hold above the 100DMA would strengthen the recovery setup.

In addition to this, Solana's price is holding a key support zone against Ethereum on the weekly SOLETH chart. The chart shows that SOLETH is trading near the lower part of a long horizontal range after a long pullback from its 2021 highs. The main support area sits around the 0.032-0.040 ETH zone, which has been an important reaction area for Solana since 2021.