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Solana eyes $100 rally as technical signals turn bullish despite long-term downtrend.

Technical Signals
10 Aug 2026
AMBCrypto
View Source
Bullish
Solana eyes $100 rally as technical signals turn bullish despite long-term downtrend.

Solana (SOL) has risen 5.89% in the past week but remains in a long-term downtrend with a 57% drop over the past year. Technical indicators like the TD Sequential buy signal and MACD golden cross suggest a potential rally to $100 if SOL breaks above the $78.7 resistance level. Meanwhile, a proposal to increase the daily SOL burn rate by 14 times is progressing, which could further impact price dynamics. However, volume indicators still show seller dominance, so cautious investors may wait for confirmation before betting on a sustained uptrend.

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