Solana’s $100 Target Returns as Network Use Grows
Solana (SOL) is back above $76, so traders are talking about $100 again. SOL has not reached that price since February 2026. Why does this matter? Because recent network activity and several chart signals now point in the same direction. They support the bullish case. They do not guarantee it. I’ll be honest: crypto has a knack for making neat setups look silly.
SOL gained about 6% as the broader crypto market recovered. The chart’s parallel channel is getting most of the attention. Analyst Ali Martinez places resistance near $78; if buyers clear that level and keep SOL above it, the channel’s upper boundary sits around $100. Most guides treat the first move above resistance as the signal. That is only half right. Holding the level matters just as much, especially before traders commit serious money.
The daily TD Sequential has printed a buy signal as well. This pattern often appears before an upswing of one to four candles or the start of a new “bullish countdown.” The MACD has also formed a golden cross. Technically, the bias is bullish, but $78.7 remains the first meaningful test. A clean break would make the argument for $100 stronger. My take: until that happens, this is a setup. Nothing more.
Veteran trader Pepesso previously described SOL as one of the “cleanest setups in crypto.” He marked $45 to $60 as an accumulation zone—the same range that came before the 2023-2024 rally. Would another drop into that zone destroy the longer term case? No, provided $45 held. SOL’s latest rise makes that outcome look less likely in the near term.
Pepesso considers $100 the first major confirmation level. Reclaiming it could shift attention toward $150 to $200; after that comes the previous cycle high. Those levels are useful for planning entries and exits. Counter to the usual excitement around price targets, though, numbers drawn on a chart are not promises. I would treat them as checkpoints, not destinations.
Off the chart, the story gets more concrete. BlackRock launched BRSRV on Solana, a money market fund designed to support stablecoin reserves. That decision puts Solana infrastructure beneath a traditional financial product and could add liquidity to the network’s market for real world assets. It counts. But the BlackRock name alone does not settle the investment case.
Western Union has launched Stablecard, a digital wallet linked to a Visa secured credit card. It uses USDPT, a stablecoin backed by US dollars and issued on Solana by Anchorage Digital Bank. This is a concrete test for the network, not another blockchain pilot with no obvious use. Regular payments through the product could lift transaction activity. They could also increase demand for SOL, which users need to operate on the network.
Is a major company launch enough? No. Customers still have to show up. I care more about repeat usage after launch than the announcement-day logo parade.
Take-Two Interactive has brought tokenized TTWO shares to Solana through Backpack Securities. Each token has 1:1 backing from the underlying stock. Tokenized equities recorded about $1.45 billion in volume during July, and Solana handled roughly 82% of the global market. That is not a vague claim about institutional adoption; it is a measurable position in blockchain versions of traditional assets.
Solana also processed a weekly record of 1.01 billion non-vote transactions. The total shows that the network can carry heavy traffic from payment products, tokenized securities and other activity. Yes, that sounds decisive. It is not. Transaction totals are an imperfect measure and say less about economic value than raw throughput. Even so, people appear to be using Solana for more than holding SOL and watching its price.
What this means
The bullish case is straightforward. SOL has support from its current channel. The daily TD Sequential shows a buy signal, while the MACD has formed a golden cross. Beyond trading indicators, BlackRock has launched BRSRV and Western Union has launched Stablecard. Backpack Securities, meanwhile, is carrying tokenized TTWO shares. In my view, those named products give the price move more weight than a broad crypto rebound would on its own.
Still, $100 is only a target. Watch $78.7 first. If SOL breaks through and holds above it, a run toward $100 becomes more credible. Reclaiming $100 could then bring $150 to $200 back into the conversation. If buyers fail at resistance, the short term case weakens. Traders may turn toward lower support instead.
Institutional products and tokenized assets could support SOL over the longer run. Rising transaction volume helps the argument, too. Yet the usual advice—follow the adoption headlines—misses the harder question: do people keep using these products after the announcements fade? Headlines can move prices long before they create revenue or lasting demand. For now, the chart looks promising, and the network numbers deserve attention. My take is blunt: what SOL does over the next few dollars matters more than another batch of bullish headlines.