Solana (SOL) Eyes $130 Target as Key Resistance Level Comes Into Focus

Key Takeaways

Table of Contents

SOL price fluctuated between $101 and $105, recording a 4–5% gain over 24 hours
Crypto analyst Ali Charts pinpointed $105 as the critical resistance threshold
Breaking decisively above $105 may trigger an upward move to $130
Solana-based ETF products attracted $836,930 in net capital on September 16
Technical indicators on the weekly timeframe suggest a potential SMA crossover that could signal major price movement

Solana maintained its position above the psychologically important $100 threshold on Wednesday following approximately 5% gains in the preceding 24-hour period. During the reporting period, SOL changed hands near $101.32, demonstrating stronger performance relative to most digital assets.

The aggregate cryptocurrency market capitalization expanded by 2.13%, reaching $2.63 trillion. Bitcoin hovered around $76,000 while Ethereum traded near $2,450 during this timeframe.

Market analyst Ali Charts drew attention to a bull flag formation appearing on Solana’s four-hour trading chart. This technical pattern emerged following an earlier upward price trajectory, subsequently giving way to a narrowing consolidation phase around the $101 price zone.

According to Ali Charts, $105 represents the pivotal resistance threshold that traders should monitor closely. In a social media update on X, the analyst stated: “A sustained close above it could confirm the bullish breakout and open the door to a rally toward $130.” The analyst cautioned that price movements exceeding $105 without a confirmed close might constitute a false breakout scenario.

SOLANA READY TO GO PARABOLIC
On-chain data shows Solana has built a major support floor around $100, with more than 40 million SOL traded.
But the weekly chart may be even more bullish.
Zooming out, $SOL appears to have spent the last few years building a massive… https://t.co/Z0x09V7DSA pic.twitter.com/8TT6ChDEDO
— Ali Charts (@alicharts) September 18, 2026

Technical momentum indicators showed SOL’s MACD line positioned at -0.10, trading above its signal line value of -0.55, accompanied by a positive histogram reading of 0.44 that suggests strengthening momentum. The Relative Strength Index advanced to 59.42, indicating growing buying pressure while remaining below overbought thresholds.

ETF Capital Flows and Market Metrics

Investment vehicles tracking Solana captured net inflows totaling $836,930 on September 16, based on data from SoSoValue. Bitwise’s BSOL product dominated with $2.69 million in positive flows, while Grayscale’s GSOL experienced outflows of $1.85 million.

📈ETF DATA: US spot @Solana ETFs saw $1.35M in net inflows yesterday, led by $BSOL, bringing the total net inflows to $1.38 billion.
Track here: https://t.co/8nZJxjLBBF pic.twitter.com/1cGBBbIzu8
— SolanaFloor (@SolanaFloor) September 16, 2026

Combined net assets across all seven Solana ETF offerings stood at $1.38 billion, representing 2.38% of SOL’s total market capitalization. These products generated $51.57 million in daily trading activity, with BSOL maintaining its position as the largest fund at $945.76 million in assets.

In a separate analysis, Ali Charts presented a long-term perspective on Solana’s blockchain data, observing that over 40 million SOL tokens have changed hands near the $100 price point, creating what the analyst characterized as substantial support infrastructure. The weekly chart formation, per Ali Charts, displays a cup-and-handle pattern with its neckline positioned around $360.

Moving Average Convergence and Tokenization Developments

Examining the weekly timeframe, analyst Trader Tardigrade drew attention to an impending convergence between Solana’s 100-period and 150-period simple moving averages. The analyst referenced historical precedents where comparable crossovers preceded significant price expansion phases. Tardigrade proposed a long-term technical objective of $1,000 per SOL, though this represents an individual trader’s analysis rather than widespread market expectation.

$SOL/weekly — Expansion Phase ❇️#Solana came down from a downtrend and reached the base. The 100 SMA and 150 SMA converged and are now forming a crossover.
📊 Base formation complete
🟢 SMA crossover forming
🚀 Historical pattern: crossover = expansion
✍️ This exact pattern… pic.twitter.com/KgFaBDhLfr
— Trader Tardigrade 🧬 (@TATrader_Alan) September 17, 2026

Solana experienced notable developments in the tokenization sector as well. Solflare expanded its xStocks platform by incorporating more than 750 tokenized equity instruments, featuring shares from major corporations including Nike, Disney, and Airbnb.

The Securities and Exchange Commission announced on September 17 a five-year conditional exemption framework designed to facilitate blockchain-based trading of tokenized stocks and securities, reducing certain conventional exchange and dealer compliance obligations.

At the time of secondary reporting, SOL traded near $100.14 with 24-hour trading volume reaching $6.27 billion and a market capitalization hovering around $59 billion.