Solana network soars past $1.1T: Can SOL reach $100?

Can SOL Price Reignite a Rally After This Consolidation?

The Solana network recorded a monumental performance in the first quarter of 2026. According to the latest data, on-chain activity shattered the $1.1 trillion mark, highlighting a staggering surge in transfer volumes. Active addresses remain above 5 million, confirming the ecosystem’s appeal and the growing interest from institutional investors.

However, this fundamental boom contrasts sharply with price action. Currently, SOL is trading in a range between $86.40 and $88.40, still managing to outperform the broader altcoin market over the past 24 hours. But even as whale inflows continue to pour in, the native token seems to be lagging behind the explosive growth of its network.

From a technical standpoint, SOL is at a crossroads. The asset is trading below a major resistance in the form of a high timeframe (HTF) order block between $90 and $93.50. A clean breakout above this zone could pave the way toward $104, thereby reigniting short-term bullish momentum.

However, several bearish CVD divergences have appeared on the 9-hour chart. The price might therefore struggle to break through $92 in the coming days and could even retrace toward the POC at $84.

How High Can Solana (SOL) Price Go?

If selling pressure intensifies, a retracement toward this $84 level is highly likely. Momentum indicators, such as the RSI, are showing near-overbought levels in the short term.

Nevertheless, the daily RSI sits at 55, which leaves room for a potential upside move toward $100.

In a bullish scenario, confirming a breakout above $93 would allow SOL to catch up. The massive influx of capital and whale activity could act as a catalyst, propelling the asset toward the symbolic $100 mark.

In a bearish scenario, a rejection below $88 followed by a breakdown of the $83 support would invalidate the bullish structure. SOL would then risk suffering a severe correction down to the $67 to $76 zone.

The liquidation heatmap indicates a cluster of longs at $80 to watch in the short term. But the 1-day chart reveals larger clusters to the upside at $93, $102, $107, and $110. The largest remains at $121, which could accelerate the rally if SOL breaks past $110.

Should You Buy Solana?

Solana is at a crucial juncture as its price flirts with the daily Ichimoku Cloud. If the price breaks $90 and holds above it, SOL will turn bullish in the medium term and could target its weekly order block around $134 in the following weeks or months.

However, the bearish divergences on the CVD suggest that smart money might be taking profits at this level. It is therefore essential to remain cautious and wait for true confirmation, particularly with Bitcoin trading above $80,000.

Finally, the Fibonacci Bollinger Bands indicate a crucial resistance at $95. Converging with liquidation data, this level will need to be monitored closely. A bearish reversal could be on the horizon if SOL reaches this price. Additionally, a 16-hour order block has formed between $95 and $108.

As Arthur Hayes recently stated, Bitcoin and altcoins like Solana are in a “no trade zone” where taking risks is pointless. It is better to stay patient and accumulate via DCA for those who believe in Solana’s long-term potential.

Sources:

• AMBCrypto
• TradingView
• MMT

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