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Solana breaks through key resistance: Where will cryptocurrency go next?

2026-08-28 00:51:07
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Solana breaks through key resistance: Where will cryptocurrency go next?

Solana regained the psychological level of $100 after recovering from a June low. The rally is currently trading between $101 and $103, reigniting discussions that Solana could enter the $120 to $130 range that has not been seen in months.

Can Solana maintain its upward trend?

Maintaining above $100 suggests Solana is dealing with resistance areas around $102 to $103. Analysts believe that the higher lows in this round of gains indicate that this may be a more sustained recovery rather than a short-lived response. However, the key test is whether Solana can firmly establish the $100 to $103 range as support.

Jesse Peralta pointed out that if Solana can stay above $100, the next main target will be in the $120 to $130 range. Holding the $100 mark could pave the way for a subsequent phase of growth. Conversely, any trend below this level may delay upward momentum. As a result, market participants are not only focusing on the speed of the rise, but also assessing how well these broken prices are defended.

How do large investors react?

This recovery momentum is attracting the attention of large investors, with significant wallet movements marking this trend. Online data shared by Ted Pillows shows that in the past week, a "giant whale" has accumulated approximately US$13.2 million worth of SOL, mainly from large transfers from Binance.

Data from Ted Pillows highlights that an investor accumulated approximately $13.2 million worth of SOL in a week. Such acquisitions, which occur as Solana attempts to regain key technology positions, reflect more a strategic long-term layout than short-term volatile operations. During this period, as key resistance levels are breached, real-time data tracking is crucial. In an environment where a single decision by the Federal Reserve or the sudden listing of a certain altcoin could quickly change the market landscape, savvy traders are turning to privacy-focused tools like Crypto Appsy for simplified monitoring without cumbersome account settings.

Is the target of US$150 achievable?

The medium-term outlook views $150 as an important milestone, which has previously served as both support and resistance. Reaching this level from the current $101 to $103 range requires an additional 45% to 50%.

Investor Jordan has been cautiously optimistic about Solana since its peak in January 2025, but notes that if prices can remain above $100, the situation will become more dramatic. At the same time, Skyline identified $150.36 as a key technical goal, but only if the $120 to $130 range is overcome first.

If Solana firmly breaks the $100 mark, the $120 to $130 target will become feasible. Breaking the $150 threshold requires significant additional upward momentum. Staying above $100 is crucial; if there is a decline, prices could fall back to $90 to $95, or even $80 to $70 in a deeper correction.

The market is not generally expecting a straight rise. Analyst Sweep believes that in a long-term scenario, Solana may re-test below $70 before expanding strongly. This view views the $60 to $70 area as potential long-term support. Although this perspective remains secondary for now as Solana is currently holding steady around $100, overcoming the $120 to $130 range could lead prices to look further towards $180 to $200. Otherwise, a loss of $100 could trigger a price correction to $90 to $95, or deeper to $80 to $70.

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