Solana is up 0.69% and trading at $76.84 over the last day. That is a little better than the rest of the market, which has been pretty flat.
A couple of things are happening behind the scenes. Traders are looking at plans to cut Solana’s block time from 400ms to 350ms, plus a proposal that could burn more SOL each day. That seems to be giving the price a little boost.
On the chart, the SOL price has pushed back above its short-term moving averages around $74.83, which is a good sign. But the real level to watch is $78–$78.70. One analyst, Ali Charts, pointed that out as the key zone. If SOL can break above that, it could open the door to $100.
Zoom out to the bigger picture, and the next major levels to watch are around $84, $97, and then $116. Those are the ones that really matter down the road.
What you'll learn 👉
Analyst Breaks Down the Solana Chart Setup
Ali Charts has identified a parallel channel on the Solana daily chart, with the middle of the range near $78. SOL is trading at $76.84, meaning bulls are only about 1.5% away from this important level. A daily break above $78-$78.70 would provide the confirmation Ali is waiting for, with the upper boundary of the channel near $100.
The chart also carries two other bullish signals. The Tom DeMark Sequential has printed a buy signal on the daily chart, which Ali says can precede a 1-4 candle upswing or the start of a new bullish countdown.
3/5 The Tom DeMark Sequential has also flashed a buy signal on Solana’s daily chart.
— Ali Charts (@alicharts) August 9, 2026
This setup typically anticipates a 1–4 candle upswing or the start of a new bullish countdown. With the setup resistance trendline at $78.70, near the mid-range, this level is key for… pic.twitter.com/gKRT3Urk1H
Also, the MACD has produced a golden cross, giving bulls another technical reason to watch the $78.70 resistance closely.
When you pull up the weekly chart, you see one more important piece of the puzzle. The Solana price has bounced back from that $62 area and is now around $77. That is good progress. But the bigger picture still has a wall at $84. That is the level that really matters on the weekly timeframe.
If the SOL price can break above $84, the bulls would have a much cleaner road ahead toward those higher targets we see on the three-month chart. Until then, that $84 mark is the one to keep an eye on.
5/5 If these signals are confirmed, $SOL could be on the way to $100.
— Ali Charts (@alicharts) August 9, 2026
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Fundamental Factors Affecting the Solana Price
The planned network upgrade is one of the main catalysts for the Solana price. The upgrade is expected to reduce block time from 400ms to 350ms, improving transaction speed, and the SIMD-0553 governance proposal could increase daily SOL burns. The mainnet upgrade is scheduled for the week of August 17, giving traders a clear event to watch.
The regulatory backdrop is less helpful after the delayed CLARITY Act vote, but Solana has other fundamental support. A CoinShares and Token Terminal report identifies Solana as the main blockchain outside Ethereum with notable spot trading activity for tokenized real-world assets, giving the network another source of utility.
Wintermute put out some numbers that are worth paying attention to. In the first half of 2026, institutions made up 72% of their spot OTC crypto flow. That is up from 59% a year earlier.
When bigger players get more involved, it tends to help larger assets like SOL. More institutional money flowing in can give those kinds of coins a solid tailwind.
Related Solana News: Perps open interest on Solana surges to $500M, highest in nine months
Can the SOL Price Really Reach $100 Soon?
The SOL price has a realistic path toward $100, but the first test is much closer. On the three-month chart, SOL is reacting around $77, with the first upside objective near $97 and the next one around $116.
If the SOL price clears $97, the $100 level becomes a natural target before the higher $116 objective.
However, bulls still need to clear the $84 weekly level first. A break above $84 would provide stronger confirmation that the recovery can extend toward $97-$100. If SOL fails to clear $78-$84, the price could remain range-bound, with $69 and $62 acting as important downside levels.
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