Solana is currently trading above $76, following a recovery of more than 6% over the past week, along with the rest of the top crypto market.<\/p>\n
With several bullish signals now aligning, one analyst believes SOL could be headed toward a level not seen since February 2026 if the current setup confirms a breakout.<\/p>\n
According to Ali Martinez, Solana appears to be trading within a parallel channel, and $78 has emerged as an important level. A break above the mid-range near this level could push SOL toward the channel\u2019s upper boundary around $100.<\/p>\n
The analyst also identified<\/a> a buy signal from the TD Sequential on the crypto asset\u2019s daily chart. The setup typically anticipates a 1-4 candle upswing or the start of a new \u201cbullish countdown.\u201d The resistance trendline at $78.7 is near the mid-range, which makes it a crucial level for confirmation.<\/p>\n At the same time, the MACD has printed a golden cross, adding another sign that SOL may be approaching an upside breakout. If these signals are confirmed, Martinez says that the altcoin could be on its way to $100.<\/p>\n Trader Pepesso previously said<\/a> that SOL had one of the cleanest setups in crypto. At the time, he pointed to the $45-$60 range as the area to watch, while explaining that the same zone had triggered the asset\u2019s 2023-2024 bull run. A move back into that range would still fit the accumulation view, as long as $45 held on a retest. A decisive break below it would invalidate the setup.<\/p>\n On the upside, Pepesso identified $100 as the first major confirmation point. If SOL reclaimed<\/a> that level, the $150-$200 range would come into focus, followed by a potential move toward the previous cycle high.<\/p>\n Away from the price chart, the blockchain had<\/a> a busy week on the network side. For example, BlackRock also brought another investment product to Solana with the launch of BRSRV, a money market fund designed to support stablecoin reserves.<\/p>\n Meanwhile, Western Union\u2019s launch of Stablecard also added another real-world use case for the blockchain. The digital wallet and Visa-secured credit card use USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on Solana.<\/p>\n Take-Two Interactive also brought tokenized TTWO shares to the network through Backpack Securities, with each token backed 1:1 by the underlying stock.<\/p>\n Additionally, Solana processed a record 1.01 billion non-vote transactions in a single week. Tokenized equities also recorded around $1.45 billion in volume in July, giving<\/a> the network about 82% of the global market share.<\/p>\n The post Solana (SOL) Shows 3 Bullish Signals: $100 Target Is Back in Sight<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Solana is currently trading above $76, following a recovery of more than 6% over the past week, along with the rest of the top crypto market. With several bullish signals now aligning, one analyst believes SOL could be headed toward a level not seen since February 2026 if the current setup confirms a breakout. Constructive […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-211624","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/211624"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=211624"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/211624\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=211624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=211624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=211624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Big Moves<\/h2>\n