Solana’s outlook hinges on sustained ETF inflows and resolution in geopolitical tensions.
Solana is trading above $90 as of March 4, 2026, with the price seeing slight gains amid an impressive intraday bounce for Bitcoin (BTC).
As BTC trades above $71,000, broader optimism across crypto suggests the psychological $100 level is likely for SOL.
Momentum has currently put the altcoin on the cusp of a key pattern breakout, with Solana’s resilience across the ETFs market crucial to buy-side appeal.
Solana’s price action has closely aligned with gains in leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).
On Wednesday, Bitcoin retested recent highs above $71k, bolstered by sustained institutional interest despite the war in Iran.
Ethereum also pushed higher, with slight gains putting bulls above the $2,000 mark.
Meanwhile, the Solana price rose 6% to hit intraday highs above the $90 mark.
SOL has not traded above $100 since breaking below the psychological level in early February.
Renewed bearishness amid the Iran war threatened to send bulls bleeding below recent support levels.
However, Bitcoin has sprung above its key supply wall as buyers resurface, and optimism in the cryptocurrency market sees SOL trade in the same direction.
Could an upward breakout take prices past the $100 mark?
Technically, SOL continues to trade in a downward channel formed since its September 2025 peak above $250.
However, price is tracking an ascending triangle pattern on the daily chart formed since the bounce from the low of $67 on February 6, 2026.
Buyers have found it difficult to break above a key resistance line around $90-$92.
If the altcoin sees a decisive breakout above this mark, it could pave the way for bulls to target $100 and potentially higher.
Momentum indicators like the Relative Strength Index and Moving Average Convergence Divergence support the bullish setup.
The RSI hovers around 50 on the daily chart, suggesting bulls may have room for additional gains, while the MACD continues to signal upside momentum with an expanding histogram.
If bulls negotiate immediate resistance and break higher, the 50-day simple moving average (SMA) at $101 and the 100-day SMA at $116 will be the next hurdles before a potential retest of $150.
However, upside potential remains constrained by the broader descending resistance line tracing back from Solana’s peak in 2025.
A failure to breach $100 might see SOL retrace to major year-to-date support near $77.
The last time Solana traded below $80 was in December 2023 when it was trading in the $60-$105 range.
