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Solana fails to break $100, signaling possible short-term correction but bull trend not over yet

Technical Signals
26 Aug 2026
UToday
View Source
Neutral
pluang ai news

Solana (SOL) attempted to surpass the $100 mark but was rejected, retreating to around $97. Despite this, the cryptocurrency has gained about 27% in the past month and remains above its long-term moving average of $89.50, indicating that the bullish trend is still intact. However, high momentum and aggressive futures positioning suggest some profit-taking and a short-term correction could occur. The key level to watch now is $89–$90; a drop below this could signal a deeper pullback, but a sustained move above $100 is still possible if buyers consolidate and regain strength.

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