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Solana price jumps 25% in a week, breaking key resistance and eyeing $100 amid short squeeze and institutional interest.

Technical Signals
21 Aug 2026
Crypto news
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Bullish
pluang ai news

Solana (SOL) price surged 25% over the past week, briefly reaching $93.39 as it broke above major moving averages and a two-month trading range. The rally was driven by a market-wide short squeeze that erased over $4 billion in bearish positions, supported by institutional interest such as Shinhan Asset Management's partnership with the Solana Foundation and increased network activity. Despite strong momentum, the daily relative strength index indicates overbought conditions, suggesting a possible short-term pullback before further gains. Key resistance levels to watch are $93–$95 and $98, with $100 as a psychological target if the breakout holds, while support lies near $87–$90 and $80–$81.

More News (SOL)

Solana cuts slot time from 400ms to 350ms, aiming for faster transactions with a 200ms target ahead.

Solana cuts slot time from 400ms to 350ms, aiming for faster transactions with a 200ms target ahead.

Solana has reduced its blockchain slot time from 400 milliseconds to 350 milliseconds, marking the first performance upgrade since its launch. This change speeds up transaction confirmations and shortens epoch durations, improving network efficiency....

Protocol Fundamentals
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Solana cuts slot time from 400ms to 350ms, aiming for 200ms to speed up transactions.

Solana cuts slot time from 400ms to 350ms, aiming for 200ms to speed up transactions.

Solana has reduced its target slot time from 400 milliseconds to 350 milliseconds, marking the first such change since its launch. This is the initial phase of a four-step plan (SIMD-0525) to further reduce slot times to 300ms, 250ms, and eventually ...

Protocol Fundamentals
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5 hours ago
South Korea's Shinhan tests tokenized bond funds on Solana amid memecoin slowdown

South Korea's Shinhan tests tokenized bond funds on Solana amid memecoin slowdown

Shinhan Asset Management in South Korea has partnered with the Solana Foundation and others to pilot tokenized won-denominated ultra-short bond funds on the Solana blockchain. This initiative aligns with South Korea's move to regulate security token ...

Protocol Fundamentals
Bullish
6 hours ago
Rust supply chain attack briefly infects Solana ecosystem with malware, linked to North Korean hackers

Rust supply chain attack briefly infects Solana ecosystem with malware, linked to North Korean hackers

On August 20, 2026, three popular Rust packages used in the Solana blockchain ecosystem were hijacked to deliver malware during developer builds. The malicious versions were live for under two hours, allowing remote code execution and credential thef...

Market News
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US regulators classify XRP and SOL as commodities, signaling tighter crypto rules ahead.

US regulators classify XRP and SOL as commodities, signaling tighter crypto rules ahead.

The SEC and CFTC have jointly classified 16 digital assets, including XRP and SOL, as commodities, marking a significant regulatory shift in the US crypto market. This move is part of broader efforts including proposed SEC rules on crypto investment ...

Market News
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