Solana's price action suggests a potential local bottom around the $100 mark, with the possibility of a rebound targeting $260 if key resistances are cleared. After a 25% decline from a high near $127, buyers have stepped in at the $100 support level. Momentum indicators, such as the four-hour RSI, have improved from oversold levels, indicating a potential re-acceleration. On-chain metrics show renewed activity, with Solana's total value locked (TVL) rising 18% week-over-week to 73.4 million SOL, equivalent to $7.5 billion. Daily transactions hit a two-year high of approximately 109.5 million, while daily DEX volume reached about $51.3 million SOL. This uptick in network activity suggests a growing interest in Solana-based projects and DeFi protocols, supporting the potential for a price recovery. Traders are watching for Solana to break through resistance zones at $113–$115 and $125–$130, which could pave the way for a move toward $150 and beyond. Sustained on-chain engagement and technical validation are crucial for maintaining upward momentum and achieving longer-term price targets.