Solana Mirrors Fractal Setup That Preceded 1,000% SOL Price Rally

Solana (SOL) has bounced by over 70% from its June low of around $60 and is now testing a key support-turned-resistance area for a potential breakout toward $300.

SOL Must Break the $95–$115 Resistance Zone

As of Tuesday, Aug. 25, Solana was testing the $95–$115 range (S/R in the chart below) as resistance. The zone also overlaps with the 50-week exponential moving average (50-week EMA, the red wave) near $105 and the 200-week EMA (blue) around $111.

Between 2023 and early 2026, the same range served as a key support area for Solana. Bouncing from there led to a 200% price rally in 2024 and a 165% rally in 2025. Breaking below the same area followed a 50% decline in 2026.

A similar structure appeared in 2023 that led to a 1,000% SOL price breakout.

At the time, SOL spent months consolidating near the $20–$25 region before finally reclaiming it as support. The breakout marked the beginning of a major bull cycle, with Solana eventually climbing from around $25 to nearly $295.

A breakout above $115 could put $135 and $190–$200 in focus, with a move beyond $200 opening the path toward SOL’s record high near $295 and the $300 level.

Momentum is improving as well. SOL’s weekly relative strength index (RSI) has moved above 50, suggesting buyers are regaining control without reaching overbought conditions.

The bullish setup would weaken if SOL gets rejected from $115 and falls back below its 20-week EMA near $85.

Improving Liquidity and Regulation Could Help SOL

Solana’s technical recovery is also arriving alongside a potentially improving macro backdrop.

The US Treasury recently announced plans to increase the size of its long-term Treasury buyback operations to $4 billion from $2 billion per session.

The program is not equivalent to Federal Reserve quantitative easing, but larger buybacks can improve bond-market liquidity and ease pressure on long-term yields.

Lower yields generally favor higher-risk assets, including cryptocurrencies such as Solana.

Finally, Some CLARITY…

The US regulatory environment is also becoming more constructive.

President Donald Trump recently hosted crypto industry executives at the White House while pushing lawmakers to advance the Clarity Act, which aims to establish clearer rules for digital assets.

Meanwhile, the SEC and CFTC have signaled a more supportive regulatory approach toward the industry.