Solana Price Forecast: Whether SOL Can Reach $500 Remains to Be Verified
2026-08-31 18:28:14
According to CoinMeta, Solana is working to turn the $100 range from resistance into support. After a strong rebound from the summer lows, the short-term technical outlook has improved. The focus of both daily charts is on whether SOL can maintain its breakout and exceed $110.15, as such a breakthrough could initiate a broader upward movement towards the $130-$150 range. Solana has regained a local upward trend from the June lows, but the first chart views this rise as a correction and places SOL below the broad Fibonacci resistance area of $110.15. The daily charts show that SOL has rebounded from below the $60 range and is accelerating towards $100. Although the rebound has improved momentum, the token has not yet broken through the first major retracement level. This chart marks $110.15 as a 38.2% Fibonacci retracement and the first important resistance level; a confirmed daily breakout would shift attention to the 50% retracement at $132.93, followed by the 61.8% level at $160.42. The broader resistance area extends up to $209.63.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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