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Solana (SOL) jumps 8.7%, nears $100 after 202-day consolidation and $4.6B short squeeze

Technical Signals
24 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Solana (SOL) surged 8.7% to around $97.09, breaking above $90 for the first time in three months and wiping out $4.6 billion in bearish positions over 72 hours. This rally followed the SEC's proposed crypto regulations, boosting market sentiment and trading volume by nearly 50%. SOL is challenging a critical breakout zone at $95–$100 after 202 days of consolidation, with analysts eyeing $120 as the next major resistance if $100 is surpassed and sustained. ETF inflows and technical indicators support continued bullish momentum, though short-term retracements are possible due to overbought conditions.

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