TLDR
- SOL is trading around $103 after a strong recovery from a low of $60
- First green monthly candle in ten months signals a potential momentum shift
- Monthly MACD approaching a bullish crossover; RSI breaks a two-year downtrend
- Key resistance levels sit at $120.23 and $146.56; main support at $97.70
- Solana handled $14.7 billion in tokenized asset trading over the past year
Solana is trading near $103.47, down 0.18% over the last 24 hours. The price has recovered strongly from a recent low around $60, and several technical indicators are starting to shift in favor of bulls.
The most talked-about development is Solana’s first green monthly candle in ten months. On its own, this does not confirm a full trend reversal. But it does mark a clear break from months of steady selling pressure.
Analyst Ash Crypto points out that the monthly MACD is approaching a bullish crossover. At the same time, the monthly RSI has broken above a descending trendline that had held for roughly two years. Both signals suggest the bearish momentum structure is beginning to weaken.
$SOL is showing one of the most bullish setups in crypto right now.
– Closed its first green monthly candle in 10 months
– Monthly MACD is about to cross bullish
– Monthly RSI has broken a 2 year downtrendIs SOL starting its major bullish reversal? pic.twitter.com/HREhkUYrlh
— Ash Crypto (@AshCrypto) September 8, 2026
A whale purchase is also drawing attention. Analyst Ted Pillows posted on X that a whale bought $9 million in SOL this week, adding: “Smart money is more focused on alts now.” The purchase aligns with the improving technical picture on higher timeframes.
Key Resistance Levels to Watch
SOL has already cleared one key level. The daily chart shows a confirmed break above $97.70, which now acts as the first major support beneath price. Analyst Ucan Coin identifies $120.23 as the next major resistance, followed by $146.56.
A sustained move through $120 would confirm a new higher high on the daily chart. From there, the $130-$140 range comes into view before $146.56 becomes the main target.
If SOL loses the $97.70 level, momentum could weaken and bring $81.35 back into play. That level remains the key lower support if the recovery loses steam.
you are not bullish enough.
SOL is going to $1,000+#SOLANA ⚡️ pic.twitter.com/j8Y12y5CQm
— curb 🐂🀄️ (@CryptoCurb) September 8, 2026
Analyst CryptoCurb notes a large bullish flag on the higher timeframe chart. The pattern projects a move beyond $1,000, though this is described as a long-term and speculative scenario. SOL would first need to reclaim levels around $200-$300 before such a target becomes technically relevant.
Solana’s Role in Real-World Asset Trading
Solana’s network activity is adding context to the technical picture. Over the past year, the network reportedly settled $14.7 billion of around $46 billion in tokenized asset trading volume, roughly 32% of total reported RWA spot volume.
Backpack generated around $1.5 billion in equity trading volume within two months on Solana. BlackRock and Securitize accounted for approximately $993 million in institutional fixed-income issuance on the network.
🚨JUST IN: @Solana based prediction market @world_xyz has gone live with over 1M users on its waitlist, offering markets across sports, crypto, politics, finance, economics, culture, commodities and weather. pic.twitter.com/2P2zb7YRAV
— SolanaFloor (@SolanaFloor) September 9, 2026
World has also launched its standalone prediction market platform on Solana, opening to over one million waitlisted users. The platform covers NFL games, soccer leagues, Formula 1, and the 2026 U.S. midterm elections, with plans to add equity, commodity, and weather markets.
Ramzy Ali, Solana Foundation’s head of DeFi, said World is “introducing a new asset class to Solana and keeping 100% of the liquidity onchain.”
SOL is currently trading at $103.47, with $105 as the immediate short-term hurdle before $120.23 comes into focus.
