Solana’s Resilience at $100 Support Signals Potential 150% Rally to $260
As of early February 2026, solana (SOL) is demonstrating remarkable technical strength by firmly holding the crucial $100 support level, a development that has captured significant attention across cryptocurrency markets. This steadfast defense against downward pressure is being interpreted by analysts as a potential launching pad for a substantial upward movement. Technical indicators are aligning to suggest the formation of a V-shaped recovery pattern, a classic sign of robust bullish momentum following a period of consolidation or decline. The Relative Strength Index (RSI), a key momentum oscillator, has notably rebounded from oversold conditions, climbing to a reading of 36. This move out of the oversold territory (typically below 30) indicates that selling pressure has likely been exhausted and buying interest is returning, providing a firmer foundation for price appreciation. The immediate technical landscape for SOL presents several key resistance levels that will serve as critical tests for the bullish thesis. These levels are identified at $113, $115, $125, and $130. A decisive and sustained breakout above these thresholds, particularly with strong volume confirmation, could act as a powerful catalyst. Analysts project that such a breakout could initially propel SOL's price approximately 44% higher from current levels, setting a near-term target around $150. However, the broader and more ambitious outlook, supported by the strong on-chain activity referenced in the report, points to a potential rally extending toward the $260 mark. Achieving this target would represent a gain of roughly 150% from the $100 support base, a move that would significantly alter the asset's market structure and investor sentiment. Beyond the pure price action, the mention of 'strong on-chain activity' is a fundamentally positive signal. Robust on-chain metrics—such as high transaction counts, growing active addresses, and substantial total value locked (TVL) in decentralized applications—suggest healthy network usage and utility. This underlying fundamental strength often provides the necessary fuel for sustained price rallies, as it reflects real-world demand for the blockchain's capabilities rather than mere speculative trading. The combination of a technically defended support level, improving momentum indicators, and solid on-chain fundamentals creates a compelling narrative for Solana as it navigates the 2026 market. Investors and traders are now closely watching for a confirmed breakout above the initial resistance cluster, which could validate the path toward the higher targets and mark the beginning of a new significant bullish phase for the asset.
Solana Holds $100 Support, Eyes Potential 150% Rally Amid Strong On-Chain Activity
Solana (SOL) shows resilience as it defends the $100 support level, setting the stage for a potential rally toward $260. Technical indicators suggest a V-shaped recovery may be forming, with the Relative Strength Index (RSI) rebounding from oversold territory to 36. Key resistance levels loom at $113, $115, $125, and $130, with a decisive breakout potentially propelling SOL 44% higher to $150.
On-chain metrics underscore growing demand, as Solana's Total Value Locked (TVL) hits a record 73.4 million SOL ($7.5 billion). Daily transactions surged to 109.5 million—a two-year high—while DEX volume reached an eight-month peak at $51.3 million SOL. These bullish fundamentals contrast with the 25% correction from $127, creating what traders call a 'compression spring' scenario.
The path upward isn't without obstacles. SOL must first conquer the 50-week moving average at $140-$160 before testing higher targets. Market participants are watching whether the network's robust activity can translate into sustained price appreciation, or if overhead supply will trigger another retest of the $100 base.
Analysts See Rebound Potential For SOL After 25% Drop
Solana's SOL token teeters near $100, a ten-month low, sparking debate among analysts. Some view this as a potential floor for a 150% rebound, while others caution against premature Optimism in a still-fragile market. Technical indicators paint a conflicted picture: the RSI shows recovery potential, yet key resistances loom between $113 and $130.
The $100 level emerges as a critical psychological battleground. Bulls point to chart supports and recovering momentum oscillators as evidence for a possible rally toward $260. Bears counter that validator exodus and macroeconomic headwinds could undermine any recovery. Market participants await either confirmation of buyer dominance or further downside continuation.
Solana's Long-Term Bullish Outlook: Standard Chartered Predicts $2,000 by 2030
Standard Chartered reaffirmed its bullish stance on Solana (SOL), projecting a potential rise to $2,000 by 2030 despite its current trading price near $100. The bank adjusted its 2026 target to $250 from $310, citing market pressures and reduced speculative activity—not fundamental weaknesses. SOL traded at $97 at press time, a steep decline from prior highs.
On-chain data reveals a shift from memecoin dominance to stablecoin pairings, with Solana now processing more stablecoin transactions than Ethereum. This pivot underscores its appeal for high-frequency, low-cost settlements. Meanwhile, institutional adoption grows through platforms like Coinbase-backed x402, which facilitates AI-driven microtransactions—though Ethereum's Base network currently leads in early activity.
Standard Chartered Revises Solana Price Targets, Maintains Long-Term Bullish Outlook
Standard Chartered has adjusted its solana price forecast, lowering the 2026 target to $250 from $310 while reaffirming a $2,000 projection by 2030. The revision reflects near-term execution risks but underscores the bank's conviction in Solana's long-term potential as a payments network. SOL currently trades at $97, suggesting a 158% upside to the revised 2026 target.
The bank's research team attributes the near-term adjustment to slower-than-expected progression beyond Solana's speculative 'memecoin casino' phase toward sustainable, revenue-generating use cases. Despite this, the blockchain's technical advantages—particularly its sub-cent transaction fees—continue to support the long-term valuation thesis.
Market dynamics show SOL struggling to regain momentum after its memecoin-driven rally faded, with traders now prioritizing fundamentals over speculation. This shift aligns with institutional narratives emphasizing adoption over hype, as highlighted in recent Solana-focused institutional research.
