<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">SOL trades near $106.5 after a 3.1% daily rise, while resistance remains close to the recent $110 high.</li>
 <li style="font-weight: 400">Transaction V1 goes live Sept. 9, lifting Solana’s maximum transaction size from 1,232 to 4,096 bytes.</li>
 <li style="font-weight: 400">Liquidity clusters around $115-$120, while a larger pool remains near $145-$150 on the current heatmap.</li>
 <li style="font-weight: 400">Market analysts say $90.46-$94.83 support keeps a later wave 5 advance possible after wave 4 ends.</li>
</ul>
Solana is trading near $106.50 after gaining about 3.1% over the past 24 hours. Price has recovered from the latest pullback and remains close to the recent $110 rejection area. The rebound comes before Solana’s Transaction V1 mainnet launch on September 9.
The upgrade expands transaction capacity and supports larger cryptographic workloads. <a href="https://blockonomi.com/solana-price-prediction-eyes-113-as-network-activity-surges/" rel="noopener noreferrer nofollow">Solana”s price </a>has also gained about 2.6% over the past seven days. The recent recovery followed a sharp advance from the $75-$80 region during August.
As of press time, technical data shows liquidity building above the current market price. The nearest cluster sits around $115 to $120, while a larger pool remains near $145.
<h2 id="b-solana-transaction-v1-arrives-as-price-recovers-b">Solana Transaction V1 Arrives as Price Recovers</h2>
Transaction V1 raises Solana’s maximum serialized transaction size from 1,232 bytes to 4,096 bytes. That change gives developers about 3.3 times more transaction space. The larger format can support <a href="https://blockonomi.com/what-is-zero-knowledge-proof-zkp-a-100m-self-funded-layer-1-powering-private-ai-and-driving-massive-growth/" rel="noopener noreferrer nofollow">ZK proofs</a>, BLS signatures, large multisig setups, and confidential transfers.
Some workloads can therefore fit inside one atomic transaction. <a href="https://moneycheck.com/shinhan-card-and-solana-foundation-join-forces-for-stablecoin-payment-infrastructure/" rel="noopener noreferrer nofollow">Solana Foundation</a> guidance says legacy and v0 transaction formats will remain supported. Developers only need V1 when they require the larger transaction size.
<img src="https://blockonomi.com/wp-content/uploads/2026/09/clipboard-image-1788743340.webp" alt="" width="876" height="326">Source: <a href="https://x.com/solana_devs/status/2095172941751206085?s=20" rel="noopener noreferrer nofollow">X</a>
Address lookup tables are removed for the V1 format because 64 accounts can fit directly inside a transaction. Existing formats can still use their current structure.
Testnet activation began September 1, giving developers time to test compatibility before the mainnet release. Infrastructure providers also need compatible software to read V1 transactions correctly.
RPC clients, indexers, and data pipelines may otherwise return errors. QuickNode says supported applications must recognize transaction version 1 when reading blocks and transactions. Developers may also need newer SDK versions.
<h2 id="b-115-120-becomes-the-first-solana-liquidity-zone-b">$115-$120 Becomes the First Solana Liquidity Zone</h2>
The liquidation heatmap shows the nearest major liquidity concentration between roughly $115 and $120. That area sits above Solana’s recent $110 rejection. A continued recovery could bring the price closer to that cluster.
The heatmap does not guarantee a move, but it shows where leveraged positions remain concentrated. <a href="https://coincentral.com/solana-sol-price-etf-inflows-hit-11-straight-days-as-sol-eyes-120-breakout/" rel="noopener noreferrer nofollow">Solana</a> recently advanced from the $75-$80 region before reaching the current $106 area.
The move has reduced the distance to the first overhead liquidity band. However, a failure to hold above $100 would weaken the short-term recovery. Price could then return toward recent breakout levels before another attempt higher.
<h2 id="b-145-150-remains-a-larger-upside-liquidity-pool-b">$145-$150 Remains a Larger Upside Liquidity Pool</h2>
The heatmap also shows a larger liquidity concentration around $145 to $150. That band has remained visible above the current market price. A move toward that area would first require Solana to clear the $115-$120 cluster.
<img src="https://blockonomi.com/wp-content/uploads/2026/09/clipboard-image-1788743404.webp" alt="" width="1140" height="547">Source: <a href="https://x.com/seth_fin/status/2096694964767936550?s=20" rel="noopener noreferrer nofollow">X</a>
Price would also need to hold above nearby resistance after any breakout. The $145 region previously acted as resistance on the displayed chart. That makes the zone relevant beyond the liquidation data alone.
Markets can move toward areas containing concentrated leveraged positions, although liquidation maps do not provide fixed price targets. Other market conditions can change the path.
<h2 id="b-wave-4-structure-keeps-90-46-94-83-in-focus-b">Wave 4 Structure Keeps $90.46-$94.83 in Focus</h2>
More Crypto Online says the <a href="https://parameter.io/solana-sol-maintains-95-support-as-etf-inflows-extend-to-11-days-straight/" rel="noopener noreferrer nofollow">Solana price</a> remains inside a corrective wave 4 structure after rejection near $110. However, the recent SOL price action has formed overlapping three-wave moves.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 <a href="https://x.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> Solana remains in a corrective wave 4 consolidation, with price continuing to move in overlapping 3-wave structures after the rejection from $110.
 The current bounce could extend above the September 3 high as a B-wave before another C-wave decline completes wave 4. Holding… <a href="https://t.co/9BM02uhJVP" rel="noopener noreferrer nofollow">pic.twitter.com/9BM02uhJVP</a>
 — More Crypto Online (@Morecryptoonl) <a href="https://x.com/Morecryptoonl/status/2096346788886405415?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 5, 2026</a>
 </blockquote>
</div>
The analyst said the current bounce could move above the September 3 high as a B-wave. Another C-wave decline could then complete wave 4.
Support between $90.46 and $94.83 remains central to that setup. Holding the zone would keep a later wave 5 advance possible. A break below $90.46 would weaken the displayed bullish structure and point toward a deeper correction.
The post <a href="https://blockonomi.com/solana-price-rally-is-not-over-yet-heres-why/" rel="noopener noreferrer nofollow">Solana Price Rally Is Not Over Yet; Here’s Why</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Solana Price Rally Is Not Over Yet; Here’s Why

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