Did Solana bottom at $100? SOL price charts hint at a 150% rally

3 weeks ago

Solana (SOL) terms has perchance formed a bottommost astir $100 connected aggregate clip frames, a setup that could assistance SOL terms retrieve toward $260 successful the agelong term.

Key takeaways:

Solana's rebound from its play enactment astatine $100 signals a imaginable terms betterment to $260.
Onchain request is accrued based connected a grounds full worth locked and precocious web activity.

SOL indispensable interruption respective resistances earlier $260

SOL’s terms enactment has led to the quality of a imaginable V-shaped betterment signifier connected the four-hour chart.

This follows a crisp driblet that saw SOL terms autumn 25% from a precocious of $127, which was stopped by buyers astir the $100 enactment level.

The relative spot index (RSI) had accrued to 36 from oversold conditions astatine 18 successful the four-hour timeframe, indicating immoderate upward momentum.

The regular RSI was oversold astatine 29, a level that has antecedently marked marketplace bottoms and triggered SOL terms rebounds.

As the bulls anticipation to implicit the V-shaped pattern, the terms faces cardinal barriers successful its betterment path, including the $113-$115 proviso band, wherever immoderate cardinal trendlines converge.

The 2nd country of involvement is the $125-$130 proviso zone, defined by the 50-day EMA and 50-day SMA, respectively.

Above that, the SOL/USD brace could emergence further toward the pattern’s neckline astir the $150 proviso zone, representing a 44% ascent from the existent price.

Zooming out, the play illustration reveals beardown enactment for SOL astatine $95-$100, arsenic shown below.

The past rebound from this level triggered a 166% SOL terms rally to $250 from $95 betwixt April 2025 and September 2025.

If the aforesaid script plays out, SOL could widen today’s betterment implicit the coming weeks oregon months to $260, representing a 150% summation from the existent levels.

The 50-week MAs beryllium betwixt $140-$160, a portion that has historically delayed terms rallies arsenic resistance.

Trader Tardigrade said that SOL’s rebound from the little bound of the descending transmission could spot it emergence toward the precocious bound astir $215.

As Cointelegraph reported, SOL terms whitethorn emergence toward the $120-$150 scope if the 20-day EMA astatine $106 is reclaimed arsenic support.

Solana’s TVL and web enactment rise

Solana’s superior decentralized exertion (DApp) metric started to show spot successful mid-January.

The network’s total worth locked (TVL), which measures the magnitude deposited successful its astute contracts, roseate to its highest level ever astatine 73.4 cardinal SOL connected Monday, worthy astir $7.5 cardinal astatine existent rates. This represents an 18% summation implicit the past week.

The past clip this metric deed regular highest levels was successful June 2022, erstwhile the TVL topped $68.3 cardinal SOL. This surge was mostly fueled by precocious web enactment and the NFT roar connected Solana successful 2021. This was accompanied by 80% gains successful SOL’s terms betwixt June and August 2022.

Additionally, the regular transaction number connected Solana deed a two-year precocious of 109.5 cardinal connected Monday.

The regular DEX measurement besides reached an eight-month precocious of $51.3 cardinal SOL connected Monday, portion the play DEX trading measurement deed a 12-month precocious of 264.8 cardinal SOL during the week ending Sunday.

As Cointelegraph reported, regular progressive addresses connected Solana saw a 115% summation during the 2nd fractional of January, which has historically been bullish for SOL terms going forward.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision. While we strive to supply close and timely information, Cointelegraph does not warrant the accuracy, completeness, oregon reliability of immoderate accusation successful this article. This nonfiction whitethorn incorporate forward-looking statements that are taxable to risks and uncertainties. Cointelegraph volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from your reliance connected this information.

View source