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Solana rebounds above $100, hinting at a potential bullish breakout after a key support hold.

Technical Signals
29 Aug 2026
Coinpaper
View Source
Bullish
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Solana (SOL) recently climbed back above the $100 mark after a nearly 11% gain over the past week, signaling a possible structural shift in its price trend. Technical charts suggest a 'bear trap' pattern similar to its 2022-2023 bottoming phase, where SOL briefly dipped below key support around $80 before recovering. This recovery, if sustained, could lead to further gains, with resistance levels at $130-$165 next in focus. A more aggressive scenario projects SOL could eventually reach $1,000, but this remains speculative and would require overcoming multiple resistance points and confirming a sustained breakout above the $100 level. Maintaining support above $80-$100 is crucial for this bullish outlook to hold.

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