Solana (SOL) Price: Is the $100 Target Back on the Table After This Breakout?

TLDR

• SOL is trading near $75.94 after breaking out of a falling wedge pattern
• The $80–$85 zone is the first key resistance bulls need to clear
• Solana ETF recorded $8.8 million in inflows, one of the stronger periods recently
• Bitfinex whales have been closing short positions, easing some selling pressure
• Investor Mike Dudas calls Solana the “everything chain” for its multi-use flexibility

Solana (SOL) is trading near $75.94 after breaking out of a falling wedge that had been forming over several weeks. The breakout has pushed price back above the $74–$75 zone, which now acts as short-term support.

The falling wedge is a pattern that often signals a potential reversal after a period of decline. SOL had been rejected from higher levels earlier in the year before forming this structure.

$SOL is currently the best looking large cap alt out there

Reminds me of 2023 when SOL pumped before every major cap and started a 100x memeseason

Imagine if this happens again pic.twitter.com/15rKxFAoQ5

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