TLDR
- SOL trades near $116 after rallying from around $75 in August.
- The $95-$100 zone has flipped from resistance into support.
- RSI sits at 64.14 with positive MACD, showing steady buying momentum.
- Alpenglow upgrade testing aims to cut finality to about 150 milliseconds.
- Solana Foundation adds new leaders as RWAs pass $4.5 billion.
Solana (SOL) is trading around $116.27 as of September 25. The token hit an intraday high of $118.45 during the session.
SOL has climbed steadily since trading near $75 in August. The daily chart shows a pattern of higher lows building since that bottom.
An ascending trend line has supported the move throughout September. That line currently points toward the $100-$105 range.
Earlier this month, SOL broke through a resistance band between $95 and $100. That zone had capped several rallies during the first half of 2026.
Bulls Eye the $120 Level
Traders are now watching the $118-$120 area closely. SOL has tested this zone more than once but hasn’t closed above it on a daily basis.
A confirmed break above $120 would put SOL at its highest point since the sharp drop earlier this year. The next resistance after that sits near the December and January trading ranges.
The daily RSI reading is 64.14. That’s above the neutral 50 mark but still under the 70 level often seen as overbought.
MACD also remains positive. The MACD line is at 5.53, above the signal line at 4.72, with the histogram at 0.81.
Analyst Crypto Patel offered a longer-term view of Solana’s chart structure. Patel points to a supply zone between $138 and $149 on the higher time frame, calling $148.73 a key level that could confirm a shift in market structure. Patel outlined two paths: a close above $150 could open the door toward $250, then $500, and eventually the $700-$1000 range, while a rejection near $139-$150 could send price back down toward $95, $74, or the $60.14 low.
Solana SMC Analysis: Break Above $148.73 Could Confirm a Major CHoCH
On the HTF chart, $SOL is approaching a critical HTF supply zone at $138–$149, where a major Bearish Order Block remains unfilled.
The broader structure is still defined by a Lower High, but the recent… pic.twitter.com/TZnL08kmwA
— Crypto Patel (@CryptoPatel) September 24, 2026
If SOL pulls back from current levels, the rising trend line is the first support to watch. The wider $95-$100 zone remains the more important floor since it previously acted as resistance.
Network Upgrades and Institutional Moves
Solana’s Alpenglow consensus upgrade has entered public testnet testing. It’s designed to cut transaction finality from about 12.8 seconds down to roughly 150 milliseconds.
Alpenglow would replace the current TowerBFT system with a new process called Votor. Validators could finalize blocks after one or two voting rounds, though mainnet rollout isn’t confirmed yet.
The Solana Foundation named former Binance executive Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees was named general manager of payments.
Both roles will focus on institutional partnerships and payment adoption. The foundation reports Solana has processed more than $5 trillion in stablecoin volume this year.
Real-world assets on Solana have passed $4.5 billion. Tokenized equity supply on the network has topped $620 million.
One development to watch on September 25 is the planned shutdown of Switchboard’s oracle services. Platforms including Kamino, Jito, MarginFi, and Drift have used these services and are working through the transition.
