Current Market Snapshot
Solana is trading above $90 as of March 4, 2026, recording slight gains alongside an intraday bounce for Bitcoin (BTC).
As BTC trades above $71,000, market-wide optimism suggests the $100 psychological level is within reach for SOL.
Momentum places the altcoin on the verge of a key pattern breakout, where resilience in ETF markets remains critical for buyer interest.
Solana Gains Amid BTC and ETH Uptick
Solana's price action mirrors gains in leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH).
Bitcoin retested recent highs above $71,000 on Wednesday, supported by institutional interest despite the Iran war.
Ethereum advanced with modest gains above $2,000, while Solana rose 6% to intraday highs over $90.
SOL has not exceeded $100 since early February, when renewed bearishness from geopolitical events threatened support levels.
Bitcoin's breakout above key supply walls has revived buyer optimism, aligning SOL in the same upward direction.
An upward breakout could propel prices past the $100 mark.
Solana Price Outlook: What Next for Bulls?
Technically, SOL trades within a downward channel from its September 2025 peak above $250.
Price tracks an ascending triangle on the daily chart since the $67 low on February 6, 2026.
Buyers struggle to breach resistance around $90-$92; a decisive break could target $100 and beyond.
Momentum indicators support the bullish setup: RSI at 50 on the daily chart indicates room for gains, and MACD signals upside with an expanding histogram.
Next hurdles include the 50-day SMA at $101 and 100-day SMA at $116, ahead of a potential $150 retest.
Upside is capped by the descending resistance from 2025 highs; failure at $100 may retrace to year-to-date support near $77, last seen below $80 in December 2023.
