TLDR
- Solana traded around $101.50 on Sep. 14 after bouncing from a low of $98.38 on Sep. 11
- SOL is forming a symmetrical triangle on the 4-hour chart between $100 and $103
- Analyst Ella says daily acceptance above $106 could push SOL to $109–$110.50
- A daily close below $98 would open the door to $94.50–$96
- Solana’s new Transaction V1 format triples max transaction size from 1,232 to 4,096 bytes
Solana opened the week of Sep. 8 at $103.33 before dropping to a multi-week low of $98.38 on Sep. 11. It recovered to around $101.50 by Sep. 14, leaving it down roughly 2.2% over the period.
Price has been stuck below the $103–$105 zone, where sellers have repeatedly stepped in to block rebounds. The daily RSI sits at 56.17, above the neutral 50 level but below its moving average of 60.80, showing the recovery has slowed.
Crypto analyst CryptoJack noted that $SOL is approaching a key resistance level, adding that a break above it “could see the start of a strong bullish run” — with the analyst saying he is watching closely.
$SOL is approaching a key resistance level.
If SOL breaks above it, we could see the start of a strong bullish run.
Watching closely. 👀 pic.twitter.com/ngWnFhekNx
— CryptoJack (@cryptojack) September 14, 2026
On the 4-hour chart, SOL is compressing inside a symmetrical triangle. The upper trendline is near $103, while rising support is approaching the $100–$100.70 area. The Supertrend indicator sits at $104.08 and remains bearish, adding another layer of resistance above the triangle.
The Aroon indicator shows Aroon Up at 85.71% and Aroon Down at 0%, meaning recent highs occurred more recently than new lows. A confirmed breakout has not yet happened.
Key Levels to Watch
Analyst Ella identified $98.50–$100 as the support zone holding Solana’s rebound together. She says daily acceptance above $106 would bring $109–$110.50 back into focus, while a close below $98 would expose $94.50–$96.
CoinGlass liquidation data shows short liquidation clusters at $102.60–$102.90 and $103.60–$104. A push through $103 could force leveraged shorts to close, accelerating upward movement. Long liquidations are clustered near $98.50–$98.80 on the downside.
Solana’s Transaction V1 Upgrade
Away from price action, Solana’s new Transaction V1 format went live on Sep. 14 at around 01:00 UTC. It raises the maximum transaction size from 1,232 bytes to 4,096 bytes — more than tripling the previous limit.
Solana Transaction V1: What’s Changing?
.@solana is scheduled to activate Transaction V1 on mainnet around Sep 15, increasing the maximum serialized transaction size from 1,232 bytes → 4,096 bytes.
Before:
• Smaller transactions often forced complex actions to be split across… pic.twitter.com/UHTH2zChtR— Solana Daily (@solana_daily) September 15, 2026
The upgrade gives developers room for more complex operations, including multi-signature company wallets, zero-knowledge proofs, and multi-step trades in a single all-or-nothing transaction.
Ethereum has no hard cap on transaction size, using a flexible gas limit instead. The upgrade narrows that structural gap. Older transaction formats remain supported, but apps and services reading Solana data must update to support V1 or risk transaction read failures.
The Federal Reserve’s Sep. 16 policy decision is also on the calendar, which could increase volatility across crypto markets including SOL.
