Solana (SOL) Price Targets $100 Mark as Consolidation Narrows

Table of Contents Solana (SOL) is currently exchanging hands around the $87–$88 range on Monday, maintaining ground above its 50-day Exponential Moving Average (EMA) positioned at $87.04. Following a rebound from recent lows near $84.55, the asset is now challenging a significant resistance area. The digital asset has pushed past the 50% Fibonacci retracement mark derived from its latest decline between $89.34 and $84.55. Technical charts reveal a developing bullish trend line providing support around $86.50 on the hourly timeframe. Near-term resistance appears at $88.20, corresponding with the 76.4% Fibonacci threshold. Beyond this, major obstacles emerge at $90, with additional resistance waiting at $92. Crypto market analyst Ali Martinez pointed out that SOL is currently confined within a compressed Bollinger Band corridor on the 3-day chart, spanning from $77 to $94. He characterized this region as a “no-trade zone,” cautioning that attempting to trade within this confined range often results in whipsaw losses. Martinez emphasized that traders should wait for a definitive 3-day candle closure beyond these bands before considering any directional move as legitimate. Solana $SOL is ready for a big price move! The Bollinger Bands are squeezing on the 3-day chart, creating a tight price range between $77 and $94. This high-timeframe squeeze could act like a coiled spring. The longer the price stays in here, the more energy it builds for the… pic.twitter.com/AtV8GaUwiu — Ali Charts (@alicharts) April 24, 2026 Trading volume has declined by over 23% throughout this consolidation period. While reduced volume during lateral price movement is typical, any breakout attempt above $94 will require significantly stronger trading activity to validate a push toward the $100 milestone. The Relative Strength Index (RSI) currently stands at 55, climbing above the neutral 50 mark on the daily timeframe. Both the MACD and its corresponding signal line have crossed into positive territory, indicating that buying pressure is presently dominant. SOL is testing the upper boundary of a symmetrical triangle formation near $89.00 on the daily chart. A convincing breakthrough above this threshold would open the door to the psychologically important $100 level, followed by the 200-day EMA stationed at $113. Regarding downside scenarios, the 50-day EMA at $87.04 represents the initial support layer. A daily closure underneath the ascending trendline around $85.99 would compromise the current bullish framework. Solana-focused exchange-traded funds captured $9.44 million in net weekly inflows, down from $35.17 million during the previous week. Despite the weekly decline, five straight days of positive net inflows have accumulated to approximately $1.45 billion. Goldman Sachs made headlines by revealing a stake valued at nearly $108 million in Solana, representing another significant institutional validation that market participants are monitoring closely. SOL futures Open Interest climbed more than 2% within 24 hours to reach $5.23 billion. Meanwhile, the funding rate jumped to 0.0095%, demonstrating that traders are willing to pay elevated premiums to maintain long exposure. Should SOL prove unable to penetrate the $90–$94 resistance band, immediate support levels lie at $86.50, followed by $85. A decisive close beneath $78 could accelerate selling pressure toward the $72 zone.