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Solana nears $120, hinting at bullish trend with rising open interest and network activity.

Technical Signals
23 Sep 2026
Blockonomi
View Source
Bullish
Solana nears $120, hinting at bullish trend with rising open interest and network activity.

Solana (SOL) is trading near $117.38 after testing the $120 resistance for the first time in eight months, signaling a strong recovery from lows around $60 earlier this year. Analysts highlight a potential weekly golden cross and a reclaim of the 200-week moving average as signs of a bullish trend, with targets ranging from $148 to above $500 in the longer term. Open interest in SOL derivatives has risen to about $2.97 billion, and Solana's network activity shows increased dominance in tokenized equity volume and transaction processing. The price action and technical signals suggest Solana may have bottomed and could be poised for further gains if it sustains above key levels.

Following Solana's recent price tests near $120, on Pluang SOL trades at Rp2.090.986 with a slight 0.36% decline as of Sep 23, 2026 16:41 WIB. The market cap stands at Rp1.228,69 trillion, supported by a 24-hour trading volume of Rp77,6 trillion. Pluang users show balanced order activity with 50% selling and 50% buying, holding SOL typically for about 70 days, indicating steady engagement despite minor price fluctuations.

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