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Solana price edges up to $121.69 amid rising network activity and large leveraged trades.

Technical Signals
28 Sep 2026
Blockonomi
View Source
Bullish
Solana price edges up to $121.69 amid rising network activity and large leveraged trades.

Solana (SOL) is trading at $121.69, slightly up by 0.23%, after reaching an intraday high of $124.95. The price rally gained momentum after breaking above $94.85 earlier in September, supported by strong technical indicators like RSI near overbought levels and a positive MACD. Network activity has increased, with total value locked on Solana rising from $4.7 billion in August to $6.7 billion in late September. Additionally, derivatives open interest has climbed to $7.5 billion, highlighted by a large 20x leveraged long position worth $67.88 million, signaling high trader confidence but also potential for volatility. The next key price level to watch is $124.95, which if surpassed, could extend the uptrend.

Despite the recent price rally noted in the article, Solana (SOL) on Pluang is trading at Rp2.118.904 with a 1-day change of -5.14%. The market cap stands at Rp1.246,29 trillion, and trading volume is Rp67,24 trillion. These figures are as of Sep 28, 2026 17:02 WIB.

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