Crypto

$SOL Breakout Imminent as Solana Defends Key Support Level

Guavy AI Editorial Team Published September 12, 2026

Instruments

SOL

Solana ($SOL) has been consolidating around $100-$105 over the past two weeks, but this consolidation may be headed for a bullish breakout.

Ahead of the Consumer Price Index (CPI) report on Friday, the U.S. futures market saw a bullish reaction, with the S&P 500 up 1.08% since Thursday's close.

This kind of price action has seen a favorable outcome for crypto markets as well, with $290.7 million in short positions liquidated over the past four hours.

The Solana price has also been bullish, with the month of August seeing a green close after ten months of bearishness and the rent reduction likely to help $SOL bulls due to reduced further issuance.

$SOL Breakout Imminent as Solana Defends Key Support Level

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