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SOL Summary
- Momentum indicator strengthens
- Long-term charts show a larger pattern
- Solana rebounded from a low of about $60, Currently trading around $103
- SOL ends its first monthly positive line in ten months
- Monthly MACD and RSI signals point to improving momentum
- Traders focus on $120 and $146 as the next resistance targets
- Solana Networks processed $14.7 billion in tokenized asset transactions in the past year
Solana is currently trading at close to $103 after recovering from a low of about $60. According to data from Brave New Coin, the token has fallen by approximately 0.18% in the past 24 hours.
This price change is accompanied by a shift in long-term momentum. Traders are now watching closely whether Solana can hold on to key support levels and push towards higher levels of resistance.
Momentum indicator strengthens
Solana ends its first monthly positive line in ten months. This had been a long period of selling pressure, causing prices to continue to fall for most of the time.
Analyst Ash Crypto pointed out that the monthly MACD is about to form a bullish cross. The monthly RSI also broke through a downtrend line that has been maintained for nearly two years.
$SOL currently shows one of the most bullish patterns in the crypto market:
-Ends the first monthly positive line in ten months
-The monthly MACD is about to form a bullish cross
-The monthly RSI has exceeded the two-year downtrend line
Has SOL embarked on a major bullish reversal?
pic.twitter.com/HREhkUYrlh Ash Crypto (@AshCrypto) September 8, 2026
Taken alone, these two signals do not fully confirm a fundamental shift in trends. But they collectively suggest that the broader bearish pattern may be weakening.
If the MACD crossover is confirmed and Solana remains above $100, this will support the view that a longer-cycle recovery is taking shape.
On the daily chart, Solana has broken through the resistance level of $97.70. This once resistance level now becomes the first layer of support below prices.
Analyst Ucan Coin marks $120.23 as the next resistance area. Breaking through that level could open the way to $146.56.
As long as Solana remains above $97.70, the recovery structure remains in place. If it breaks below this level, the price may fall back to around $81.35.
Long-term charts show larger patterns
A broader look at Solana charts shows what analyst CryptoCurb calls a large flag pattern. This pattern formed after a sharp rise after the 2023 low.
CryptoCurb suggests that a breakthrough from this pattern may eventually lead to a larger market, with forecast targets exceeding $1,000. But this scenario will take time and remains speculative.
Solana needs to break out of flag formation and recover its previous highs in the $200 to $300 range before the target becomes realistic. This requires a new expansion phase on the higher time frame chart.
In addition to price charts, Solana's online activities have also attracted attention. According to reports, the blockchain has processed $14.7 billion in tokenized asset transactions in the past year.
This figure represents approximately 32% of the total real-world asset (RWA) transaction volume of approximately US$46 billion tracked by the cryptocurrency network. Backpack alone generated approximately $1.5 billion in stock trading volume in Solana in two months.
BlackRock and Securitize's online institutional fixed income offerings are close to $993 million. These numbers don't directly determine Solana's price, but they paint a complete picture of network growth.
Currently,$97.70 is the key level to distinguish a sustained recovery from a deeper correction.$ 105 is the next hurdle, followed by $110, then $120.23.
A daily close above $120 will open the door to a path between $130 and $140, followed by $146.56 that will become the focus. This remains the next level that traders are watching most closely, testing Solana's recovery.
