Solana’s SOL token was trading at $104.98, up 5.31% in 24 hours, with a market capitalization of $61.44 billion. Crypto analyst JAVON MARKS said SOL broke above the resistance line of a cup-and-handle pattern, strengthening the case for a move toward $500, which would represent a new all-time high. TradingView data showed SOL moving above its 20-, 50-, 100- and 200-day exponential moving averages after breaking out of a summer consolidation range between $62 and $78. CoinGlass data showed derivatives volume rising 12.10% to $9.38 billion, while open interest increased 1.76% to $6.57 billion. The Solana Foundation also launched payment channels for AI agents through Pay.sh, with developers saying the system can process up to one million transactions per second. Analyst Curb outlined a longer-term case for SOL reaching $1,000 or more, citing ecosystem growth, tokenized assets, payments and $143 million in app revenue generated during August. Traders are watching whether SOL can hold above the breakout zone.