Solana Flashes Three Technical Buy Signals as Traders Eye the $100 Level

What Happened

Solana (SOL) has climbed back above $76 after a weekly gain of more than 6%, moving in step with a broader rebound across large-cap crypto assets. That price action has put a cluster of technical indicators back in focus around the $78 level.

Crypto analyst Ali Martinez describes SOL as trading inside a parallel channel, with $78 acting as the pivotal mid-range marker. In his reading, a confirmed break above that zone could carry price toward the channel's upper boundary, which he places near $100 — a level Solana hasn't traded at since February 2026.

Martinez also flags a TD Sequential buy signal on SOL's daily chart. This indicator typically points to either a short-term bounce of one to four candles, or the start of a longer "bullish countdown" sequence. He identifies $78.7 as the resistance trendline sitting near that same mid-range pivot, calling it the level to watch for confirmation.

A third signal — a golden cross on the MACD (Moving Average Convergence Divergence) indicator — adds to the bullish alignment Martinez is tracking. Taken together, he says, the three signals support the case for an upside breakout toward $100, contingent on confirmation.

Why It Matters

The technical setup is unfolding alongside a separate wave of network-level developments (see below), which — while not directly tied to the price signals — reflect continued institutional and enterprise activity building on Solana.

The Numbers

Market Reaction

SOL's rise has come "along with the rest of the top crypto market," according to the source — meaning the move is being read as part of a broader sector-wide recovery rather than a Solana-specific event.

Trader Pepesso, cited separately, has previously called SOL's setup "one of the cleanest" in the market. He points to the $45–$60 range as the zone to watch, noting it's the same range that preceded Solana's 2023–2024 bull run. In his framing, a retest back into that $45–$60 zone would still be consistent with an accumulation phase, provided $45 holds — a decisive break below $45 would invalidate that thesis.

What's Next / Things to Watch

• $78–$78.7 zone: Martinez's analysis treats a confirmed break above this range as the trigger for the parallel-channel and TD Sequential setups to play out.
• $100: Pepesso identifies this as the first major confirmation point on the upside; reclaiming it would, in his view, put the $150–$200 range in focus.
• $45 support: On the downside, Pepesso says a decisive break below $45 would invalidate the broader accumulation setup he's been tracking.
• Network activity: Beyond price, the source reports several Solana-based developments in the same period — BlackRock's BRSRV money-market fund for stablecoin reserves, Western Union's Stablecard (a USDPT-based digital wallet and Visa-secured card, with USDPT issued by Anchorage Digital Bank), and Take-Two Interactive's tokenized TTWO shares issued via Backpack Securities on a 1:1 basis.
• Network throughput: Solana processed a reported 1.01 billion non-vote transactions in a single week, and tokenized equities on the network saw about $1.45 billion in July volume — described as roughly 82% of the global tokenized-equity market share.

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