Solana holds above $100 as traders watch $105 breakout level

  • Solana held above $100 as analysts monitored the $105 resistance level.
  • $836,930 entered Solana ETFs on September 16, led by Bitwise BSOL.
  • More than 40 million SOL changed hands near $100, forming a support floor.

Solana held above the psychologically significant $100 level after gaining roughly 4% to 5% over 24 hours, with the token trading near $101.32 during one market snapshot and later near $100.14. Its market capitalization was about $59 billion, while 24-hour trading volume reached $6.27 billion in the later update. The broader cryptocurrency market rose 2.13% to $2.63 trillion, with Bitcoin near $76,000 and Ethereum around $2,450. Crypto analyst Ali Charts identified $105 as the key resistance level, saying a sustained close above it could open a move toward $130. A brief break above $105 could still prove false. Ali identified a bull flag on the four-hour chart, while longer-term analysis pointed to support near $100, where more than 40 million SOL changed hands, and a potential cup-and-handle pattern with a neckline around $360. Solana-focused ETFs recorded $836,930 in net inflows on September 16, led by Bitwise BSOL’s $2.69 million inflow, while Grayscale GSOL recorded $1.85 million in outflows. The seven products held $1.38 billion in combined net assets and recorded $51.57 million in daily volume. Weekly indicators showed the MACD line above its signal line and an RSI of 59.42, while Trader Tardigrade highlighted a developing crossover between the 100-period and 150-period simple moving averages and gave a personal, non-consensus target of $1,000. Solflare also added more than 750 tokenized equity instruments to its xStocks platform, including shares of Nike, Disney and Airbnb, after the Securities and Exchange Commission announced a conditional five-year exemption for certain blockchain-based securities trading activities.

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