After a protracted downtrend took Solana (SOL) 38.45% lower in 2026 from $124.48 to $76.62, the cryptocurrency appears poised for a bullish reversal.
Specifically, multiple technical buy signals appear to have converged around SOL by Monday, August 10, that could help the coin reclaim $100 for the first time since February, according to an X post published by the prominent on-chain analyst Ali Martinez on Sunday.
Why Solana might soon soar to $100
To begin with, the expert claims to have identified Solana as trading within a parallel channel with a breakout possible should the cryptocurrency breach $78 – a level roughly in the middle between the nearest resistances at $77.36 and $78.40.
Martinez notes the upsurge as especially likely as TD Sequential – a technical analysis tool designed late in the last century to help identify trend reversals – flashed a buy signal on Sunday, August 9.
The optimistic reading was further strengthened by a simultaneous appearance of a
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