bullish

Solana

Union

Backpack

Bank

Solana<a href="https://yellow.com/asset/sol" rel="noopener noreferrer nofollow">(SOL)</a> traded above $76 on Aug. 11 after gaining more than 6% in a week, while three bullish signals put $100, unseen since February 2026, back in focus.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>Solana's weekly recovery above $76 is paired with a parallel channel, a TD Sequential buy signal and a MACD golden cross.</li>
 <li>A break above roughly $78 could open a path toward $100, according to Ali Martinez.</li>
 <li>Network activity also strengthened, with 1.01 billion non-vote transactions in one week and tokenized equities reaching about $1.45 billion in July volume.</li>
 </ul>
</blockquote>
<h2 id="solana-bullish-signals">Solana Bullish Signals</h2>
Solana has <a href="https://cryptopotato.com/solana-sol-shows-3-bullish-signals-100-target-is-back-in-sight/" rel="noopener noreferrer nofollow">recovered</a> with the broader crypto market, but Martinez says the next important test sits near the $78 level. A parallel price channel places that area close to the mid-range on the chart, while the channel's upper boundary is near $100.
Martinez also identified a TD Sequential buy signal on Solana's daily chart, a setup that can precede a one-to-four candle advance or begin a new bullish countdown. Resistance near $78.7 overlaps with the channel's mid-range, making a clear break above that zone important for confirmation.
The MACD has also produced what Martinez described as a golden cross, giving traders a third bullish signal. If those indicators hold and SOL clears resistance, he said the token could move toward $100.
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<h2 id="sol-market-context">SOL Market Context</h2>
The technical setup comes as Solana records heavier network activity and adds more financial products. BlackRock launched BRSRV to support stablecoin reserves, while Western Union introduced Stablecard using a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank on Solana.
Take-Two Interactive also brought tokenized TTWO shares to the network through Backpack Securities, with each token backed 1:1 by the underlying stock.
Solana processed a record 1.01 billion non-vote transactions in one week, while tokenized equities generated about $1.45 billion in July volume and roughly 82% of global market share.
Trader Pepesso had previously described SOL as one of crypto's cleanest setups, focusing on the $45-$60 range that helped launch its 2023-2024 bull run. He said a return to that zone could still fit an accumulation thesis if $45 held, while a decisive break below it would invalidate the setup.
Pepesso also identified $100 as the first major upside confirmation level, with $150-$200 becoming relevant only after SOL reclaimed it. That earlier framework gives the current $78 breakout test added significance, because $100 remains both a technical channel target and a broader confirmation level.
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Solana Nears $78 Test That Could Reopen Path To $100

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