Solana traded around $101–$105 on Wednesday, gaining roughly 4–5% over 24 hours and holding above the psychologically important $100 level. At the time of writing, SOL was near $101.32, outperforming the broader crypto market as total crypto market capitalization rose 2.13% to $2.63 trillion.
Crypto analyst Ali Charts highlighted a bull flag on Solana’s four-hour chart and identified $105 as the key resistance level. A sustained close above $105 could confirm a bullish breakout and open the door to a rally toward $130, while a move above $105 without a firm close may result in a false breakout, according to the analyst.
On-chain data cited by Ali Charts shows more than 40 million SOL traded around the $100 level, forming what the analyst described as a major support floor. On the weekly chart, the analyst sees a cup-and-handle pattern with a neckline near $360. Short-term momentum indicators were also improving: SOL’s MACD line was above its signal line with a positive histogram, and the RSI climbed to 59.42, signaling rising demand without being overbought.
Separately, analyst Trader Tardigrade pointed to an approaching crossover between Solana’s 100-period and 150-period simple moving averages on the weekly chart. The analyst cited historical instances where a similar SMA crossover preceded price expansion and set a long-term technical target of $1,000 per SOL, though that remains a trader projection rather than market consensus.
Spot Solana ETF data showed continued inflows. On September 16, Solana ETFs recorded net inflows of $836,930, according to SoSoValue, with Bitwise BSOL leading at $2.69 million in inflows and Grayscale’s GSOL seeing $1.85 million in outflows. Another data point from SolanaFloor reported $1.35 million in net inflows for the day, bringing total net inflows across US spot Solana ETFs to $1.38 billion. Total net assets across the seven Solana ETF products reached $1.38 billion, equal to 2.38% of SOL’s market cap, with daily trading volume of $51.57 million.
Solana also saw activity on tokenization. Solflare added more than 750 tokenized equities to its xStocks listing, including stocks from Nike, Disney, and Airbnb. On September 17, the SEC announced a five-year conditional exemption to support certain blockchain-based trading of tokenized stocks and securities, easing some standard exchange and dealer requirements. SOL was trading near $100.14 with a 24-hour volume of $6.27 billion and a market cap of approximately $59 billion.
