Solana (SOL) Price: Triangle Breakout Incoming as Transaction Upgrade Triples Capacity

TLDR

• Solana traded around $101.50 on Sep. 14 after bouncing from a low of $98.38 on Sep. 11
• SOL is forming a symmetrical triangle on the 4-hour chart between $100 and $103
• Analyst Ella says daily acceptance above $106 could push SOL to $109–$110.50
• A daily close below $98 would open the door to $94.50–$96
• Solana’s new Transaction V1 format triples max transaction size from 1,232 to 4,096 bytes

Solana opened the week of Sep. 8 at $103.33 before dropping to a multi-week low of $98.38 on Sep. 11. It recovered to around $101.50 by Sep. 14, leaving it down roughly 2.2% over the period.

Price has been stuck below the $103–$105 zone, where sellers have repeatedly stepped in to block rebounds. The daily RSI sits at 56.17, above the neutral 50 level but below its moving average of 60.80, showing the recovery has slowed.

Crypto analyst CryptoJack noted that $SOL is approaching a key resistance level, adding that a break above it “could see the start of a strong bullish run” — with the analyst saying he is watching closely.

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