Solana (SOL) Has One Major Level to Clear — Top Analyst Says $100 Follows If It Does

Solana (SOL) is trading at $75, just below a level that market analyst Ali Martinez says could trigger a move toward $100 — a price the seventh-largest cryptocurrency by market cap has not seen since the beginning of the year. 

The setup has multiple technical signals pointing in the same direction, but one specific resistance level is standing between the current price and the breakout.

Three Bullish Signals For Solana 

Martinez said on X that Solana is trading within a parallel channel on the daily chart — a price structure defined by two trend lines running in the same direction, with price bouncing between them. 

2/5 Solana appears to be trading within a parallel channel.

A break above the mid-range near $78 could trigger a move toward the channel’s upper boundary around $100 for $SOL. pic.twitter.com/c0fU5BTmgp

— Ali Charts (@alicharts) August 9, 2026

The mid-range of that channel sits near $78, and a sustained break above it, Martinez said, would point toward the channel’s upper boundary around $100. Notably, three distinct technical signals reinforce that view.

The first is the Tom DeMark Sequential — a momentum indicator that counts price bars to identify potential trend exhaustion and reversals — which has flashed a buy signal on Solana’s daily chart. That signal typically anticipates a one- to four-candle upswing or the beginning of a new bullish trend. 

The second is the setup resistance trendline at $78.70, which aligns closely with the mid-range Martinez identified as the key confirmation level. The third is a MACD golden cross — a signal generated when the short-term moving average line crosses above the longer-term signal line, historically associated with building upward momentum. 

Martinez said that if a break above $78 confirms all three signals, Solana could be on its way to reaching $100. This would represent a 33% surge from the current trading level.

SOL’s Short-Term Picture

Traders Union experts offered a more measured near-term assessment for the altcoin in a Monday report. They projected Solana’s short-term trading range at $75.66 to $78.12 over the next two to three sessions — a band that reflects current volatility levels without anticipating an immediate breakout. 

Their base case is sideways consolidation within that range in the coming days, with a move above the upper end needed to sustain any bullish momentum and a break below the lower end exposing the price to deeper losses.

Anton Kharitonov, an analyst at Traders Union, attributed Solana’s recent activity to aggressive leveraged trading and a pickup in network metrics. Despite improved technical conditions and what he described as robust usage data, he said elevated liquidation risk and mixed ETF flows kept him cautious. 

He said he would remain on the sidelines until a confirmed breakout of the $75.66 to $78.12 range. “Until SOL/USD breaks out of that band with confirmation, I advise close risk monitoring,” he said.

At $75, Solana is down approximately 3% on the monthly timeframe according to CoinGecko data, erasing much of the recovery seen in recent weeks. The token sits 74% below its all-time high.

Featured image generated with OpenArt.