Solana is trading around the psychologically important $100 level after a powerful late-August rebound broke several technical barriers, but the next move may depend on whether buyers can defend former resistance as support. Two fresh SOL charts highlight $98-$100 as the immediate battleground, with $117 the first major upside target and a broader bullish structure potentially developing if the breakout survives a deeper retest.
SOL’s $98 Retest Could Decide Whether $117 Comes Next
The chart focuses on a straightforward breakout-and-retest setup. SOL has moved above a resistance band around $98-$100, and the projected path allows for a pullback into that area before another attempt higher.
Solana SOL $98 Support and $117 Target. Source: Gordon on X
Gordon’s chart places the next important resistance zone near $117-$118, an area that previously acted as support before Solana’s sharp February breakdown. His accompanying view is that a return toward $98 could provide the retest needed before SOL challenges $117.
The technical logic is clear: former resistance around $98 must now behave as support. Holding that zone would preserve the recent sequence of improving price action and strengthen the case for another push through approximately $104-$110 before $117 comes into focus.
A sustained move below $98 would weaken the immediate setup. It would not automatically end the broader recovery, but it would invalidate the chart’s direct $98-to-$117 scenario and increase the probability of a deeper consolidation.
That risk is relevant Wednesday. SOL was trading near $100 early Sept. 2 after ranging from about $98.45 to $104.36 during the previous session, according to Investing.com data.
Solana Breaks Macro Downtrend, but Deeper Retest Remains Possible
The second chart takes a broader daily view and identifies a potentially more important development: Solana has broken above the descending trendline that controlled price action from its previous highs near $250.
Solana SOL Macro Downtrend Break and Market Structure Shift. Source: Wealthmanager on X
Wealthmanager marks the move through roughly $98 as a market structure shift, or MSS. In technical analysis, that means price has broken a previous structural barrier that had helped define the bearish trend.
The chart does not assume SOL will move vertically higher. Instead, its projected path shows a possible series of lower highs and lower lows that could bring price back toward the green demand zone around $80-$85 before buyers attempt to regain control.
If that support survives, the chart projects a recovery toward roughly $120-$145, followed by consolidation and potentially a larger breakout. The longer-term illustration ultimately points toward the $180-$250 region, but those levels remain conditional projections rather than confirmed targets.
For the bullish thesis, $98-$100 is therefore the first confirmation zone, while roughly $80-$85 represents the deeper structural support. A sustained breakdown below that lower zone would materially weaken the market-structure reversal shown on the chart.
Solana Price Outlook Faces a Tough Macro Backdrop
The technical improvement comes as broader markets remain defensive. Rising Treasury yields, a stronger U.S. dollar and escalating Middle East tensions pressured global risk appetite Wednesday, while Bitcoin and Ether also faced selling pressure. That backdrop could make it harder for SOL to extend its breakout without first consolidating.
Solana also has a network catalyst later this month. Anza’s tentative Agave v4.3 rollout schedule targets Sept. 21 for recommended general mainnet adoption and Sept. 28 for the beginning of mainnet-beta feature activation associated with the Alpenglow upgrade. Anza cautions that those dates remain subject to change.
For the near-term Solana price prediction, $98-$100 is the level to watch. Holding it would keep $117 within reach, while losing it could turn the current breakout into a broader retest before SOL gets another chance to extend its recovery.
