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Solana breaks 12-month downtrend, eyes $100-$115 with strong ETF inflows and key support at $92.20.

Technical Signals
11 May 2026
Blockonomi
View Source
Bullish
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Solana (SOL) has broken out of a 12-month descending channel that saw its price fall nearly 75%, now trading around $92.90. It reclaimed its 100-day moving average for the first time since October 2025, signaling a potential trend reversal. Institutional interest is strong, with $56.6 million flowing into Solana-focused ETFs in the past month and a dormant wallet buying $6.23 million in SOL in one session. Critical resistance lies at $98, with a sustained move above this level possibly pushing prices toward $100-$115. Support is solid at $92.20, making this a key zone for investors to watch.

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