Key Highlights SOL currently trading around $116 following a surge from approximately $75 in August. Former resistance zone at $95-$100 now functioning as key support level. Technical indicat
As of September 25, Solana (SOL) is changing hands at approximately $116.27. The cryptocurrency reached an intraday peak of $118.45 earlier in the trading session.
Solana (SOL) Price
Since bottoming near $75 in August, SOL has maintained a consistent upward trajectory. The daily price chart reveals a series of progressively higher lows forming from that base.
An upward-sloping trend line has provided support for this September rally. That technical support line currently intersects around the $100-$105 price region.
This month, SOL successfully breached a resistance corridor spanning $95 to $100. This price band had previously rejected multiple rally attempts during 2026’s first half.
Market participants are now closely monitoring the $118-$120 price region. SOL has approached this zone multiple times without securing a daily close above it.
Source: TradingView
A decisive move above $120 would mark SOL’s strongest position since this year’s earlier decline. Beyond that threshold, the next obstacle lies within the December and January price ranges.
The daily Relative Strength Index currently reads 64.14. This places it above the neutral 50 threshold while remaining below the 70 level typically associated with overbought conditions.
The MACD indicator continues displaying bullish signals. The MACD line stands at 5.53, positioned above its signal line at 4.72, generating a histogram reading of 0.81.
Market analyst Crypto Patel provided a macro perspective on Solana’s chart formation. Patel identifies a supply region spanning $138 to $149 on higher timeframes, highlighting $148.73 as a critical threshold that could validate a structural market shift. Patel sketched two potential scenarios: a decisive close above $150 might pave the way toward $250, followed by $500, and ultimately the $700-$1000 territory, whereas a rejection within the $139-$150 band could trigger a retreat toward $95, $74, or the $60.14 bottom.
Solana SMC Analysis: Break Above $148.73 Could Confirm a Major CHoCH
On the HTF chart, $SOL is approaching a critical HTF supply zone at $138–$149, where a major Bearish Order Block remains unfilled.
The broader structure is still defined by a Lower High, but the recent… pic.twitter.com/TZnL08kmwA
— Crypto Patel (@CryptoPatel) September 24, 2026
Should SOL retrace from present levels, the ascending trend line represents the initial support layer. The broader $95-$100 region maintains significance as the primary support floor given its historical role as resistance.
Solana’s Alpenglow consensus mechanism upgrade has commenced public testnet evaluation. The enhancement aims to reduce transaction finality from approximately 12.8 seconds to around 150 milliseconds.
Alpenglow will supersede the existing TowerBFT framework with an innovative mechanism called Votor. Validators would achieve block finalization following one or two voting cycles, although mainnet deployment timing remains unannounced.
The Solana Foundation appointed Rachel Conlan, formerly of Binance, as chief strategy officer. Additionally, Jamal Raees, previously with Polygon Labs, joined as general manager of payments.
These appointments underscore the foundation’s commitment to institutional collaboration and payment infrastructure expansion. According to foundation data, Solana has facilitated over $5 trillion in stablecoin transaction volume year-to-date.
The value of real-world assets deployed on Solana has surpassed $4.5 billion. Tokenized equity supply across the network has exceeded $620 million.
A notable event scheduled for September 25 involves the discontinuation of Switchboard’s oracle infrastructure. Multiple protocols including Kamino, Jito, MarginFi, and Drift have relied on these services and are currently managing migration strategies.
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