Price Analysis

Solana Price Rally Captures Institutional Investor Attention, Can This Interest Thrust SOL To $100?

Solana price retests resistance at $60 following a sharp spike from support at $50. Interest in the token among institutional investors could keep propelling SOL towards $100. 
Published by
Solana Price Rally Captures Institutional Investor Attention, Can This Interest Thrust SOL To $100?

The cryptocurrency market seems relatively stable moments following the release of the United States Consumer Price Index (CPI) data. Prior to the release of the economic data, which shows that inflation eased to 3.2% on a yearly basis in October, Solana price tested but failed to break above $60.

The competitive smart contracts token, up 4.4% on Tuesday during US business hours, is trading at $57.13 after confirming support at $50. A break above the immediate but critical resistance at $60, is crucial for the continuation of the uptrend which points towards $100.

Advertisement

Solana Price Bullish Move Surpasses Inverse H&S Breakout Target

Solana validated the inverse head-and-shoulders (H&S) pattern when it broke the resistance at $24 in October.

This bullish move triggered a rally that continues to shape SOL’s technical outlook to date. As the trading volume increased, Solana price achieved the right volatility to keep the uptrend sustained. This meant that even with traders booking profits, there was enough inflow volume to keep Solana trending higher.

Recommended for you: Polygon Price Booms 30% In A Week Unbothered By Bitcoin’s Pullback, Can MATIC Hit $1.25?

An inverse H&S is a highly bullish pattern that often guides traders to time key breakouts and trend changes. Buy orders placed above the neckline target a breakout as big as the height of the pattern. In Solana’s case, traders anticipated an 83% move to $45, which SOL already surpassed.

Solana price prediction daily chart | Tradingview

Despite the massive upswing, Solana bulls are nowhere close to dropping the ball, especially with the Moving Average Convergence Divergence (MACD) indicator adding credence to the bullish outlook.

With the momentum indicator upholding a buy signal and moving higher above the neutral area, the path with the least resistance remains to the upside. The green histograms rising from the mean line (0.00) is another bullish reinforcement.

For now, SOL’s approach to the pivotal level at $60 would determine the next direction the token takes. Successful break and hold above this level could call on more traders and medium to long-term investors to increase their risk appetite for gains toward $100.

On the other side of the fence, we can anticipate consolidation with support at $50 if Solana price fails to break above $60 this week.

There’s a growing probability that Solana will continue to close in on the $100 psychological level, now that institutional investors are turning their heads to related SOL products.

According to the latest report by CoinShares, Solana investment products saw an additional $12 million in inflow volume in the previous week, which contributed to the $1.08 billion in total crypto inflows.

Solana inflows increase by $12 million | CoinShares

Solana has always been a favorite among institutional investors, who capitalize on the token’s accelerated price surges during bullish markets. As attention shifts to SOL, gains are likely to be sustainable.

Related Articles

Share
John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition

Chainlink price has been carving a path of resilience, supported by steady inflows and consistent…

September 6, 2025
  • Price Analysis

Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut

Cardano price is eying a 30% surge in the coming weeks after forming a highly…

September 5, 2025
  • Price Analysis

ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?

Ethereum ETF products have gained increased attention as the market observes new institutional entries. At…

September 5, 2025
  • Price Analysis

Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?

Bitcoin price has continued to draw attention as the market reacts to fresh catalysts. At…

September 5, 2025
  • Price Analysis

ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?

At press time, ONDO trades at $0.9083, marking a 5.2% drop in the past day.…

September 5, 2025
  • Press Release

Dogecoin Price Forecast as REX Osprey ETF Sparks Hype — Is $5 Within Reach?

Dogecoin price has entered the spotlight again as technical structures and institutional filings spark optimism.…

September 5, 2025