This Metric Suggests that $100 is the local Bottom

Solana (SOL( price) has probably formed a base around $100, as shown by multiple time frames. This could be a set-up that helps SOL recover to $260 over the long run.

Takeaways from the conference:

SOL has to break through several barriers before it can reach $260

SOL’s price action led to a potential V-shaped recover pattern appearing on the 4-hour chart.

The sharp decline that began in January has been followed by a similar drop. SOL price fall 25% from a high of $127The buyers stopped buying around the support level of $100.

Related: ParaFi Capital makes $35M investment in Solana-based Jupiter

You can also find out more about the following: relative strength index The (RSI), which was oversold at 18, had increased from 18 to 36 in the timeframe of four hours, indicating a positive trend.

The daily RSI reached a oversold level of 29, a previous low that marked the bottoms in markets and triggered SOL prices to rise.

Related: ‘Very wide gap’ between XRP and Solana investor interest: Exec

The price is facing key obstacles in the recovery process, such as the supply band between $113 and 115, where several key trendlines intersect.

Second, the supply zone between $125 and 130 is defined by 50-day EMAs and SMAs.

The SOL/USD could continue to rise above that level, towards the neckline of the pattern, around $150, which represents a 44% increase from its current price.

As shown in the chart below, zooming out shows strong support for SOL between $95-$100. 

This level was the starting point for a price increase of 166% to $250 between April and September 2025. 

SOL, under the same circumstances, could increase its recovery to $260 over the course of the next weeks or even months, which would be a 1500% rise compared to the current level. 

The 50 week MAs lie between $140 and $ 160, an area that in the past has acted as a barrier to price increases.

The Trader Tardigrade stated that SOL could rebound to the upper border of the channel after it has risen from its lower boundary. This would be around $215.

The following are some of the ways to get in touch with us. Cointelegraph reportedThe SOL could rise to the $120-$150 price range if support is reclaimed from the 20 day EMA of $106. 

Solana’s TVL, network and activity increases

Solana’s decentralized application (DApp), the primary metric, started showing signs of strength around mid-January.

This network is a good example of a total value locked TVL, which is a measure of the value of smart contracts, reached its highest ever level on Monday at 73.4 millions SOL, or about $7.4 billion in current exchange rates. The increase is 18% over the previous week. 

This metric last reached daily peak levels in June 2022 when TVL exceeded $68.3 Million SOL. This increase was driven by the increased network activity. NFT boom on Solana In 2021. SOL gained 80% between August and June 2022.

The daily Solana transaction count reached its highest level in two years on Monday with 109.5 Million. 

On Monday, the daily DEX volumes reached a new eight-month record of $51.3 Million SOL. The weekly DEX trading volumes also hit a 12 month high at 264.8 M SOL for the week that ended Sunday.

The following are some of the ways to get in touch with us. Cointelegraph reportedThe price of SOL has been historically bullish when it comes to daily active addresses.