EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Solana (SOL) shows three bullish signals: $100 target is back in sight

2026-08-11 12:15:18
Bookmark

Solana is currently trading above US$76 and has rebounded more than 6% in the past week following the mainstream crypto market.

As multiple bullish signals emerge, one analyst believes that if the current pattern confirms a breakthrough, SOL may move towards levels not seen since February 2026.

Positive pattern

According to Ali Martinez's analysis, Solana seems to be trading on a parallel channel, with US$78 becoming a critical level. If prices break through the middle range near this position, it may push SOL closer to the approximately $100 area on the upper edge of the channel.

The analyst also identified a buy signal from TD Sequential on the daily chart of the crypto asset. This indicator usually signals a rise in the 1-4 candle chart or the beginning of a new round of "bullish countdown." The resistance trend line is at $78.7, close to the middle range, making it a key level to confirm a breakthrough.

At the same time, the MACD indicator showed a golden cross, adding another signal that SOL may be about to break through upwards. Martinez said that if these signals are confirmed, the altcoin may move towards $100.

Trader Pepesso has previously stated that SOL has one of the clearest forms in the crypto market. At the time, he pointed out that the $45 -60 range was an area of concern and explained that the same range had triggered the asset's bull market in 2023-2024. As long as the $45 is held in the step-back test, the price returning to this range is still in line with the idea of attracting funds. If it clearly falls below US$45, the pattern will expire.

From an upside perspective, Pepesso believes that $100 is the first important confirmation point. If SOL regains that level, the $150 -200 range will become the focus of attention and may then move towards previous cycle highs.

Major developments

Beyond the price chart, the blockchain has also experienced a busy week at the network level. For example, BlackRock launched another investment product on Solana, BRSRV, a money market fund designed to support stablecoin reserves.

At the same time, Western Union's Stablecard also adds another real-world use case to the blockchain. The digital wallet and Visa guaranteed credit card use USDPT, a dollar-backed stablecoin issued by Anchorage Digital Bank on Solana.

Take-Two Interactive also introduced tokenized TTWO stocks to the network through Backpack Securities, with each token backed 1:1 by the underlying stock.

In addition, Solana processed a record 1.01 billion non-voting transactions in a single week. Trading volume in tokenized stocks was approximately $1.45 billion in July, giving the network an approximately 82% global market share.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP