Solana Price Prediction Eyes Bullish Breakout to $110

Solana's price has been steadily increasing since August 18, breaking above a steep ascending trendline and pushing into a resistance zone between $98 and $100. The current price is $101.36, with a bullish target of $110 if the wedge breaks out.

Record network activity and strong ETF demand are supporting the bullish case, but a notable whale exit adds a note of caution. The whale unstaked over 40,000 SOL and realized a $3.3 million loss, even as trading volume and funding rates climbed.

The Parabolic SAR sits well below price at $94.16, keeping the short-term trend bullish for now. MACD shows the MACD line crossing back above the signal line after cooling off earlier in the week, with the histogram turning green again, a sign momentum is picking back up alongside this latest push into resistance.

Bitwise's Solana ETF, BSOL, recorded its highest trading volume ever on August 24, surpassing $108 million in a single day. Over $261 million has traded across the fund in the past four sessions combined, reflecting a sharp pickup in investor interest.