SOL Update 🟢
Solana (SOL) is around $97, after briefly reclaiming $100 on Aug. 25. It remains up roughly 26% over the past week, but the pullback from $100 shows some profit-taking.
Key levels:
🟢 Support: $94–$97
Stronger support: $90–$92
🔥 Resistance: $100–$102
🚀 Break & hold above $102 → $110–$115
🎯 Next major target: $125–$135
Momentum is supported by strong Solana network activity and rising institutional/ETF interest; July reportedly saw 4.2B transactions, while a Solana ETF recently posted record trading volume.
My bias: 🟢 Bullish above $94. I’d prefer a retest/hold of $94–$97 rather than chasing above $100. A clean break of $102 could accelerate the next leg higher.$SOL
Solana (SOL) is around $97, after briefly reclaiming $100 on Aug. 25. It remains up roughly 26% over the past week, but the pullback from $100 shows some profit-taking.
Key levels:
🟢 Support: $94–$97
Stronger support: $90–$92
🔥 Resistance: $100–$102
🚀 Break & hold above $102 → $110–$115
🎯 Next major target: $125–$135
Momentum is supported by strong Solana network activity and rising institutional/ETF interest; July reportedly saw 4.2B transactions, while a Solana ETF recently posted record trading volume.
My bias: 🟢 Bullish above $94. I’d prefer a retest/hold of $94–$97 rather than chasing above $100. A clean break of $102 could accelerate the next leg higher.$SOL