Will Solana Reach $100 in 2026?

Solana (SOL) recorded a monthly decline of nearly 3% as broader cryptocurrency markets faced renewed selling pressure and risk sentiment weakened. Despite the recent pullback, SOL continues to trade above important support zones, raising the question of whether the current correction represents an attractive entry point for buyers or whether further downside may still be possible.

With market participants remaining cautious amid macroeconomic uncertainty and geopolitical developments, key technical levels may determine SOL’s next directional move.

Solana (SOL) technical analysis

SOLUSD - 1 Day Time Frame

SOL is currently trading near $84, remaining slightly above the immediate support level around $83, a zone that has held throughout May 2026 despite increased market volatility. The repeated defense of this area suggests buyers continue to view it as an important short-term support region.

However, SOL remains below the $97 S/R level, which has acted as a notable resistance area over the past several months. Price has repeatedly struggled to establish sustained acceptance above this zone, making it one of the key levels to monitor for any potential recovery.

A move back above $97 could improve short-term sentiment and potentially transform the area into support, strengthening the broader bullish outlook. Until then, SOL may remain vulnerable to continued consolidation or corrective movements.

Broader cryptocurrency market conditions, alongside macroeconomic developments, are also likely to remain influential in determining near-term momentum.

Solana (SOL) price target

If buying pressure strengthens and SOL manages to reclaim the $97 resistance level, the next upside target could emerge near the psychologically significant $100 mark, a resistance zone last tested in February 2026.

A confirmed move above $100 could signal renewed bullish momentum and potentially shift market attention toward higher resistance areas. However, sustaining such momentum would likely require stronger market participation and improving sentiment across major cryptocurrencies.

Conversely, if selling pressure persists, SOL could continue trading between the $83 support and $97 resistance levels. A sustained break below support could expose lower price areas, with the $79 region becoming an important level to monitor.

For now, SOL remains positioned above a key support zone despite recent weakness. Whether buyers can continue defending $83 and eventually challenge resistance near $97 may determine if the token enters a stronger recovery phase or extends its corrective trend.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.