Investment
Features
FeesSafety
Academy
More
Pluang+

Solana breaks key resistance, eyeing $120 target amid bullish momentum

Technical Signals
09 Aug 2026
Coinpaper
View Source
Bullish
pluang ai news

Solana (SOL) has broken above a major descending trendline and is holding a higher-low structure near key support, signaling growing bullish momentum. The immediate resistance lies between $77.50 and $98, with a confirmed breakout potentially paving the way toward a $120 target. Analysts highlight that sustaining support around $74-$75 and clearing resistance levels up to $83 are critical for confirming this upward move. If SOL maintains its current trajectory, it could test higher resistance zones and continue its recovery from a June dip, but losing support in the low $70s would weaken the bullish outlook.

More News (SOL)

Bitcoin dominance holds at 56.6% amid quiet weekend; altcoins show modest gains but broad market remains flat.

Bitcoin dominance holds at 56.6% amid quiet weekend; altcoins show modest gains but broad market remains flat.

Bitcoin dominance remains steady at 56.6% over the weekend, with Bitcoin trading near $64,782 and Ethereum stable at $1,916. While altcoins like SOL and BNB posted small gains, overall market activity is muted, reflecting cautious sentiment among ret...

Market News
Neutral
5 hours ago
Solana rises to $76 amid large-wallet buying and governance debates despite security concerns.

Solana rises to $76 amid large-wallet buying and governance debates despite security concerns.

Solana's price climbed to around $76, driven by significant accumulation from a large wallet using a time-weighted average price strategy, signaling institutional interest. Meanwhile, the community is debating governance proposals that could increase...

Protocol Fundamentals
Neutral
7 hours ago
Anonymous trader opens $23M 20x leveraged long on Solana, risking liquidation on 5% price drop

Anonymous trader opens $23M 20x leveraged long on Solana, risking liquidation on 5% price drop

An anonymous trader has placed a massive 20x leveraged long position on Solana (SOL) worth about $23 million on the decentralized perpetual futures platform Hyperliquid. The position targets 500,000 SOL, with 200,000 SOL already filled. Due to the hi...

Market News
Neutral
12 hours ago
Crypto market cap jumps to $2.9T; Bitcoin tops $65K, Cardano and privacy coins lead gains, XRP falls.

Crypto market cap jumps to $2.9T; Bitcoin tops $65K, Cardano and privacy coins lead gains, XRP falls.

In the first week of August 2026, the cryptocurrency market surged with total capitalization rising from under $2.2 trillion to $2.9 trillion. Bitcoin led the rally, climbing over 3% to surpass $65,300 despite regulatory setbacks from the U.S. Senate...

Market News
Bullish
15 hours ago
XRP rebounds against Bitcoin after hitting oversold levels, signaling potential recovery.

XRP rebounds against Bitcoin after hitting oversold levels, signaling potential recovery.

XRP reversed its decline against Bitcoin after five days, bouncing back from oversold conditions indicated by the RSI dropping to 25 before recovering to 35. This rebound suggests XRP might be regaining strength relative to Bitcoin, though the RSI re...

Market News
Bullish
20 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App