TLDR
- SOL broke above a multi-month descending trendline, with $92 now acting as a key retest level
- Price targets of $108, $128, and $147 are on analysts’ radar if $92 holds
- SOL is trading above its 20, 50, 100, and 200 EMAs, showing a positive technical structure
- Open interest rose to $6.05 billion while 24-hour volume dropped 55%, raising leverage concerns
- Over 260,000 tokens were launched daily on Solana for three consecutive days, reflecting strong ecosystem activity
Solana is trading around $101–$102 after breaking above a long-term descending trendline on the daily chart. The breakout ends months of low-volatility trading and has put several upside price targets back on the map.
Crypto analyst Einstein was among the first to highlight the trendline break. He outlined a potential sequence where SOL retests $92, holds that level, and then moves toward $108, $128, and $147.
SOL spent most of July and August stuck in a $74–$78 range before a sharp move pushed it above $90 and eventually toward $107.
Analyst CryptoGerla noted on X that $SOL could be repeating a descending channel retest before the next impulse move kicks in toward $150, suggesting the current pullback may be part of a broader bullish setup rather than a reversal.
$SOL could be repeating the descending channel retest before the next impulse kicks in toward $150. pic.twitter.com/sqD3rIoPAZ
— Gerla (@CryptoGerla) September 12, 2026
$100 Now the Line in the Sand
Analyst Ucan flagged $97.70 as key support, with the bullish structure remaining intact above that level. The $100 mark has become a short-term psychological floor after SOL pulled back from its August high near $110.
Immediate resistance sits between $104 and $107, with a heavier zone at $108–$110. A daily close above $110 would strengthen the case for a move toward $120.
Losing $97–$100 could push SOL back toward the low-$90s, which also aligns with the 50 EMA at $91.63 and the 200 EMA near $91.
ETF Inflows and On-Chain Activity
U.S. Solana ETFs had a strong August, including an 11-day streak of positive net inflows. That momentum has since slowed, but ETF buying helped support SOL’s recovery from its summer lows.
🇺🇸 ETF FLOWS: ETH, SOL and XRP spot ETFs saw net inflows last week, while BTC spot ETFs saw net outflows. $BTC: -$462.73M $ETH: $197.11M $SOL: $10.3M $XRP: $18.98M pic.twitter.com/wh1tuQRzDw
— CW (@CW8900) September 14, 2026
Solana ETF assets previously crossed the $1 billion mark. A fresh wave of inflows could provide the demand needed to push through $110 resistance.
On-chain, more than 260,000 tokens were launched daily on the Solana network for three straight days, according to Solana Floor. That level of activity reflects continued ecosystem engagement.
Derivatives data from Coinglass shows open interest climbed 1.65% to $6.05 billion while 24-hour volume fell 55.31% to $4.35 billion. The gap between rising open interest and falling volume points to elevated leverage in the market.
The largest tracked wallet holds roughly 5.18 million SOL, but analysis suggests most large addresses are staking accounts rather than sell-ready whale positions.
SOL’s next major test remains the $92 retest level. Whether buyers defend it on a daily closing basis will determine if the $108, $128, and $147 targets stay in play.
