Solana (SOL) Price: Tests $115 Resistance as Market Structure Improves

TLDR SOL is trading near $108.79, down about 3.47% over the past 24 hours after pulling back from $112.39. A market structure break above $96 has shifted the technical setup toward a bullish recovery scenario. Solana is testing weekly VWAP resistance around $115, with a close above this level seen as a key confirmation signal. Daily active stablecoin addresses on Solana hit roughly 888,000 in September, up 269% from a year earlier. A break above $115 could open the path to $125 and then $140-$145, while losing $96 would expose $80-$90. Solana price is trading around $108.79 as of September 20, down about 3.47% over the past 24 hours. The pullback came after SOL touched $112.39 and is now testing short-term support near $107.50. Traders are watching whether buyers can hold this level or whether a deeper correction is ahead. The $112-$115 zone remains the main resistance standing in the way of further gains. Solana Price on CoinGecko Solana has broken its previous bearish market structure by moving above a former lower high near $96. This shift suggests buyers are starting to take back control after the earlier decline. Chart analyst HK pointed out that SOL is now trading above its former breakout level, with a possible retest of the $80-$96 demand zone before another push higher. Holding that region would keep the bullish structure intact. The next resistance cluster sits between $125 and $145, an area where past selling pressure has appeared. A move into this zone would support the case for a longer-term reversal. $SOL marked a solid market structure break. Structure is now bullish. Dips are for buying. Bookmark this one pic.twitter.com/7ba19iEQce — HK (@hariskhantrader) September 18, 2026 Weekly VWAP Resistance Comes Into Focus Solana is also testing a weekly VWAP resistance level. Analyst DocXBT shared a chart showing SOL near $112.91, just under the $115.58 resistance line where the upper VWAP band currently sits. Price has recovered from the $60-$80 range and is now pressing against the descending upper band. A weekly close above $115 would strengthen the case for a broader trend change. If SOL is rejected at this resistance again, the price could fall back toward the $80-$90 demand zone. For now, the recovery is intact but not yet confirmed on higher timeframes. $SOL – 365 rolling vwap and multiyear s/r big boy level pic.twitter.com/NwqfC6e1O8 — Doc (@docXBT) September 18, 2026 On-Chain Activity Hits a Record High Solana’s network usage is also climbing. According to data shared by Solana, daily active stablecoin addresses reached about 888,000 in September, up 269% from 333,000 a year earlier. This growth adds a fundamental backdrop to the technical recovery, though it does not guarantee a price move on its own.