Solana Price Could Be Getting Ready for the Move We’ve Been Waiting For

Solana is waking up as the SOL price climbs 6.71% to $81.98 in 24 hours, moving alongside Bitcoin’s 6.42% rally and a 5.54% jump in total crypto market cap. The move comes as capital flows back into risk assets, giving Solana’s breakout above key resistance a market backdrop. 

The question is whether this recovery can push SOL toward $100, a level trader Ali Charts identifies as the key confirmation zone for a broader reversal. 

Also, Solana’s network is recording 1.15 billion non-vote transactions in a week, block times have fallen from 400ms to 350ms, and spot ETF inflows reached $8.8 million. With fundamentals and price action improving together, SOL could be preparing for its next move.

Ali Charts Sees a $100 Solana Price Breakout Setup

Ali Charts sees $100 as the key level for the SOL price, arguing that a decisive break could provide stronger evidence that the market bottom is already in. 

His accumulation plan places buy orders between $40 and $70, showing that he views the current $81.98 price as an area where confirmation matters more than trying to call the exact bottom.

The bigger targets are much higher. A return to the January 2025 high near $295 would represent roughly 288% upside from $81.98, based on the figures supplied in the post. A move to $400 would represent about 388% upside from $81.98, not 430% as stated in the tweet. That calculation matters because $400 divided by $81.98 is 4.88 times the present price.

The staking part of the post also provides useful context. The supplied staking table shows HashKey Cloud offering about 5.7% APR with a 3% commission, compared with 5.3% and 7% for Figment, 6.6% and 7% for P2P.org, and 6%–7% and 5%–7% for Kiln. HashKey Cloud also lists 99.9% uptime and a 0.01 SOL minimum stake.

At a 5.7% gross yield, 1,000 SOL would produce about 57 SOL annually before commission. A 3% commission would leave roughly 55.3 SOL, assuming the fee is charged against staking rewards. At 7%, the same 57 SOL would leave about 53 SOL.

Solana’s Growing Network Activity Could Boost SOL Price

The fundamental data is also improving. Solana has initiated its first slot-time reduction, taking block production from 400ms to 350ms. 

Network activity has also reached a new level, with more than 1.15 billion non-vote transactions recorded in a week, representing a 69% year-over-year increase from the figures provided. Independent reporting also places Solana’s weekly non-vote activity above 1.2 billion for the week ending August 10.

ETF demand adds another data point. Solana spot ETFs recorded an $8.8 million daily net inflow in the data supplied for this article. SolanaFloor’s ETF tracker has also recorded $8.83 million in one-day inflows and total net flows of about $1.17 billion across listed Solana ETFs.

Related Solana News: ChatGPT Predicts the Solana and Cardano Price If Bitcoin Recovers to $80K

Where Could the Solana Price Go Next?

The bullish path starts with SOL holding above $80 and breaking $86.50. That would put $100 in play, matching Ali Charts’ key breakout level. Above $100, $120 becomes the next logical technical target.

The base path keeps the SOL price between $78 and $86.50. Holding $80 would preserve the current recovery, but failure to clear $86.50 could keep SOL range-bound.

The bearish path begins with a loss of $78. That would expose $70, followed by the $60–$65 region. A move below $60 would invalidate much of the current recovery structure and place Ali Charts’ $40–$70 accumulation zone back into focus.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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