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Solana (SOL) breaks 5-week downtrend, rising 7% with potential to reach $100-$120.

Technical Signals
11 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Solana (SOL) surged nearly 7% from $72.49 to $77.36, breaking out of a five-week declining channel. Positive technical signals and increased trading volume support a bullish outlook, with key resistance zones at $78-$80 and $82-$84. Pending governance votes could reduce SOL's emission rate, potentially boosting scarcity. Analysts project SOL may climb toward $100-$120, supported by network upgrades and institutional interest, though it remains below its earlier highs near $97 and $145.

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