Solana Price Prediction: SOL Reclaims Key Moving Averages as Bulls Target a Breakout Toward $116

Solana price is finally showing signs of life after months of frustrating price action. Its latest price recovery has brought buyers back into the market, while stronger technical signals and growing interest in SOL investment products are adding to the optimism.

Solana’s broader trend structure is beginning to improve after months of weakness. The latest daily chart shows the SMA-50 turning higher and crossing above the SMA-100 following the sharp recovery from the summer lows.

Known crypto analyst Crypto Rover signals the SMA50-SMA100 crossover as a bullish technical development. The signal has appeared after SOL already reclaimed several important levels, meaning the market is no longer trading in the same declining structure seen earlier in the year.

Maintaining price above $100 while the SMA50 continues moving higher relative to the SMA100 would keep momentum strong and strengthen the possibility of another push towards $110-$116.

Solana has produced a bullish SMA50-SMA100 crossover following its recovery from the summer lows. Source: Crypto Rover via X

Short-term price action is becoming increasingly compressed around the $104-$106 region. SOL price is trading between rising support and descending resistance, creating a tightening structure that could soon force a larger directional move.

A breakout scenario highlighted by SatoshiOwl places $115-$116 as the next major upside objective. Price first needs to clear the upper boundary around roughly $107-$109, after which the move could accelerate towards $110 and eventually the $115-$116 resistance area.

SOL price is approaching the edge of a tightening technical structure, with $115-$116 highlighted as the next upside target if resistance breaks. Source: SatoshiOwl via X

The same chart also shows why confirmation matters. Failure to break higher could send SOL back towards the lower part of the structure, making $100-$102 the immediate support region to watch. A deeper breakdown would weaken the setup considerably.

Solana spent several months building a base between approximately $70 and $95 following the larger decline. That range absorbed repeated sell-offs before price finally pushed through its upper boundary and reclaimed $100.

The $70-$95 region acted as a prolonged accumulation range before SOL began its latest expansion higher. Source: Team LAMBO Charts via X

Team LAMBO Charts describes the move as a shift from distribution to accumulation and then expansion. SOL has now broken above the former accumulation zone and is working to hold prices at higher levels.

As long as $95-$100 continues acting as support, the larger breakout remains intact. A sustained expansion from this base could eventually bring $115-$120 into focus, followed by higher resistance zones if momentum continues building.

Solana spot ETFs recorded approximately $6.18 million in net inflows last week, showing that regulated investment products continue to attract fresh SOL exposure. The size of the inflow remains relatively modest compared with Solana’s overall market capitalization, but the direction is still towards the upside. Positive ETF flows indicate that institutional demand is continuing even as SOL consolidates around the $100 region rather than trading at fresh highs.

For the broader Solana price prediction, sustained ETF inflows could become increasingly relevant if they continue alongside improving technical momentum. Stronger institutional demand combined with a successful breakout above $110 would provide a more convincing backdrop for the larger $115-$120 recovery targets.

The immediate technical structure revolves around whether SOL can continue defending the $100-$103 region. Price has recovered significantly from its previous range, but the market is now entering resistance around $106-$110.

Solana price trades at $104.00, down 1.39% in the last 24 hours. Source: SOL price via Brave New Coin

A clean move above $110 would strengthen the breakout case and put $115-$116 into focus. Beyond that area, $120 becomes the next psychological target, while a sustained move above $120 could begin opening the way towards $130-$140 over a longer time horizon.

On the downside, losing $100 would weaken the current consolidation and bring $95 back into focus. A deeper move below $95 would represent a more meaningful deterioration because it would return SOL towards the top of its former accumulation range.

Solana’s move back above its 50-day and 100-day moving averages has given the recovery a much stronger base. With SOL trading near $104, a clean break from the current triangle could open the next leg towards $110 and $116, while growing interest around Solana ETFs adds another bullish factor to the wider outlook.

The immediate test is whether buyers can defend the $100 area and keep price above the reclaimed moving averages. Holding these levels would keep bulls in a favorable position, but losing them could slow the rally and pull SOL back into consolidation before another breakout attempt.