Solana Replicates Past 100% Surge Signal...Will It Break $85 and Head Straight for $100?

▲ Solana (SOL)

Solana (SOL) is once again replicating a strong technical bullish signal that previously led to returns of over 100%, signaling an imminent price surge.

According to CoinTelegraph, a cryptocurrency specialized media outlet, on April 24 (local time), a recent bull flag pattern was identified on Solana's chart. This is a typical bullish signal that appears when the price consolidates in a flag shape and then breaks through the upper resistance line. When the same signal was captured in the past, Solana's price surged by over 100% in a short period, surprising the market.

Currently, Solana's open interest has surged by 20% in a week, reaching $4.2 billion. This is a significant figure indicating active market participation by institutional investors and whales. Analysts predict that Solana will reclaim the $100 mark in the short term, using the $85 line as a solid support base.

The recent vibrancy in the memecoin market also provides strong momentum for Solana's uptrend. Decentralized exchange trading volumes within the network are surging, with actual demand supporting the price. Furthermore, news of easing geopolitical tensions in the Middle East has stimulated risk asset preference, acting as a positive catalyst for the overall cryptocurrency market, including Solana.

From a technical perspective, the $127 line, where the 200-day moving average is located, is identified as the next target and a major resistance level. Key auxiliary indicators such as the Relative Strength Index also signal that there is still ample room for further upside. If the $100 mark is stably breached, there is a high possibility that a large-scale rally targeting up to $200 by the second half of 2026 could materialize.

Expectations for a Solana spot ETF, a channel for institutional fund inflow, are also gradually growing within the market. The ecosystem's robust technology and user base are key reasons for forming strong downside rigidity even during price declines. Solana is currently seizing leadership in the altcoin market and entering a new price discovery phase.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*