Solana Price Surges 10% As SOL Breaks $86 And Targets $88

By Zagham Abbas | Edited By Ammar Raza,August 20, 2026, 4:30 PM

Solana price has experienced a significant rebound, rising by over 10% over the last 24 hours, with investors lifting the cryptocurrency past the $86 mark and focusing attention on the next resistance around $88.

At the time of writing, SOL is trading at $86.42, with a 24-hour trading volume of approximately $11.35 billion and a market capitalization of around $50.54 billion, extending a sharp rebound from the $72 area.

Solana Price Rebounds From $72 Zone

According to the crypto analyst BitGuru, the breakout was pointed out on August 20, when he referred to the latest price movements as a “bullish breakout”. As he noted, Solana has been reversing from the $72 region and rising past $82 towards $88.

The development is noteworthy as the $72 region had served as a vital support level amid the weakness seen in Solana. It indicates that bulls are now more interested in buying the asset after its decline.

But the current bullish movement isn’t in isolation. The institutional market for Solana has also seen signs of revival. There were net flows worth $10.26 million in Spot Solana exchange-traded products for the week ending on August 14, which was their best weekly flow since May.

This demand surge could add an extra layer of strength if they keep on flowing in.

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Solana Moves Above Upper Bollinger Band

Technicals are also confirming short-term bullish momentum.

The Solana coin finished the day trading around $86.482, trading above its upper Bollinger Band of $83.10843. The midpoint of the bands trades around $75.93755, and the lower Bollinger Band trades around $68.76667.

A breakout above the upper Bollinger Band indicates strong buying pressure has risen to extreme levels. It is normally used as confirmation for continuation of the current trend but can also imply that the security has seen fast movement and may need to pull back before trying to move higher again.

Bullish signals are also indicated by the MACD indicator. The value of the MACD line is 1.68760, higher than the value of the signal line, which is 0.50995, with the histogram at 1.17765.

These indicate increasing upward momentum on the daily timeframe.

What Happens Next for SOL Price?

Short-term attention will be on how Solana price holds above the $82-$83 region following its breakout.

Should bulls manage to hold above this region, SOL may attempt a new test at the $88 level. A breakout would lead to a move towards higher levels of resistance, while failure could bring the cryptocurrency back towards previous support levels.

The main danger is that the rally is developing and momentum indicators show overbought territory.

From an investor’s perspective, the most important thing to take away is that Solana price is showing a marked improvement in its short-term technical scenario, although a single day’s price action is not enough to establish a reversal in a longer-term trend.

At present, the Solana price movement from around $72 to above $86 puts the crypto back on the radar screen. The next challenge in the $88 area could define the future course of the recent bounce.

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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.