\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tA parallel channel, TD Sequential buy signal, and MACD golden cross are creating a potentially bullish setup for SOL near $78.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Solana is currently trading above $76, following a recovery of more than 6% over the past week, along with the rest of the top crypto market.<\/p>\n
With several bullish signals now aligning, one analyst believes SOL could be headed toward a level not seen since February 2026 if the current setup confirms a breakout.<\/p>\n
According to Ali Martinez, Solana appears to be trading within a parallel channel, and $78 has emerged as an important level. A break above the mid-range near this level could push SOL toward the channel\u2019s upper boundary around $100.<\/p>\n
The analyst also identified<\/a> a buy signal from the TD Sequential on the crypto asset\u2019s daily chart. The setup typically anticipates a 1-4 candle upswing or the start of a new \u201cbullish countdown.\u201d The resistance trendline at $78.7 is near the mid-range, which makes it a crucial level for confirmation.<\/p>\n At the same time, the MACD has printed a golden cross, adding another sign that SOL may be approaching an upside breakout. If these signals are confirmed, Martinez says that the altcoin could be on its way to $100.<\/p>\n Trader Pepesso previously said<\/a> that SOL had one of the cleanest setups in crypto. At the time, he pointed to the $45-$60 range as the area to watch, while explaining that the same zone had triggered the asset\u2019s 2023-2024 bull run. A move back into that range would still fit the accumulation view, as long as $45 held on a retest. A decisive break below it would invalidate the setup.<\/p>\n On the upside, Pepesso identified $100 as the first major confirmation point. If SOL reclaimed<\/a> that level, the $150-$200 range would come into focus, followed by a potential move toward the previous cycle high.<\/p>\n Away from the price chart, the blockchain had<\/a> a busy week on the network side. For example, BlackRock also brought another investment product to Solana with the launch of BRSRV, a money market fund designed to support stablecoin reserves.<\/p>\n Meanwhile, Western Union\u2019s launch of Stablecard also added another real-world use case for the blockchain. The digital wallet and Visa-secured credit card use USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on Solana.<\/p>\n Take-Two Interactive also brought tokenized TTWO shares to the network through Backpack Securities, with each token backed 1:1 by the underlying stock.<\/p>\n Additionally, Solana processed a record 1.01 billion non-vote transactions in a single week. Tokenized equities also recorded around $1.45 billion in volume in July, giving<\/a> the network about 82% of the global market share.<\/p>\nYou may also like:<\/h3>\n
Big Moves<\/h2>\n