Solana Price Rebounds 38% as Analysts Watch Return Above $100

Solana is starting to regain attention after months of weak price action. The token has bounced from the $60 area, reclaimed the $80 region, and is now testing whether the recovery has enough strength to push toward $100.

The move comes as SOL/BTC shows fresh momentum, open interest remains elevated, and Solana records its first green monthly candle in nine months. Traders are now watching whether this is only a relief bounce or the early stage of a larger trend shift.

Solana Price Rebounds From the $60 Low

Solana price is trading near $81 after recovering from a recent low around $60. The rebound has lifted SOL by roughly 38%, adding about $14 billion in market value, according to Erica Hazel’s market commentary.

That recovery matters because Solana price had spent several months under pressure. The first green monthly candle in nine months suggests selling pressure has begun to slow, though a single strong candle does not confirm a full trend reversal.

The $60 area now stands as the key support zone. If buyers continue defending that level, the market may treat the recent low as a base for recovery. A breakdown below it would weaken the structure and put lower demand zones back in focus.

For now, the rebound has changed the tone. SOL is no longer only reacting from weakness. It is beginning to rebuild a short-term structure above a major support level.

SOL/BTC Breakout Improves the Outlook

Michael van de Poppe said Solana is still in an uptrend against Bitcoin after breaking its SOL/BTC downtrend. His chart showed SOL/BTC reclaiming a key level and moving above the 21-day moving average.

That relative strength is important. A token can rise against the dollar when the broader market bounces, but strength against Bitcoin often signals stronger demand.

Van de Poppe said he does not expect Solana to stall here. He added that it is likely only a matter of time before SOL price regains the $100 level, although he would still be interested in lower entries if a deeper correction appears.

This keeps the bullish case active while price holds above the recent base. If SOL/BTC continues climbing, Solana could have enough momentum to challenge $85-$90 before attempting a move toward $100.

2026 SOL Crypto Chart Mirrors Earlier Recovery Setup

Additionally, Ryker compared Solana’s current structure with its 2023 setup. His chart places the 2023 bottoming phase beside the current 2026 structure, suggesting SOL may be following a similar recovery path.

The comparison has caught attention because Solana’s 2023 recovery eventually led to a strong upside move. Ryker said he previously bought SOL near $40 and sold near $92, adding that he is now waiting for another solid entry.

Solana price needs to hold the $75-$80 region to keep that structure intact. If buyers defend it, the next move could be a push toward the $90 area. A break above that range would make the $100 level harder for bears to defend.

Meanwhile, open interest remains a key part of the Solana setup. Recent data shows SOL open interest near $5.69 billion while price trades around $81.6. That means traders are still heavily positioned for movement.

High open interest can support a sharp rally if the price breaks higher. It can also increase downside risk if leveraged longs are forced out during a rejection. If SOL crypto then clears $90, the $100 level becomes the next major target. That area has both psychological and technical importance, making it a likely zone for profit-taking.