- SOL trades at $101.45, testing $100 as support after breaking a multi-month downtrend
- Solana’s memecoin volume hit $5.2B last week, capturing roughly 85% of the market
- SOL ETF inflows slowed to $9.14M after two days above $30M each
SOL price closed above $100 for the first time in over three months, and this session is the first real test of whether that level holds as support instead of the ceiling it’s been since May.
Solana Price Analysis: Did SOL Just Turn $100 Into Support?
SOL has been climbing along an ascending trendline since the June low near $60, and this week’s sharp move above $100 extended that same uptrend rather than breaking out of a downtrend. Price is now trading at $101.45, pulling back slightly from a high of $102.25, with today’s session testing whether $100 holds as a floor now instead of the ceiling it’s acted as since May.
RSI sits at 80.65, deep in overbought territory and at its highest reading since the rally off June’s lows. That’s not automatically bearish, RSI can stay elevated through strong trends, but it does mean the easy gains from this leg are likely behind rather than ahead.
Related: Pi Network Price Prediction: Can PI Break $0.10 or Is $0.070 Next?
The 20-day EMA at $87.76 has curled up sharply and now sits well below price, while the 50-day at $81.56 and 100-day at $80.87 are converging near $81, a cluster roughly 20% below current price that shows just how fast this move has been.
SOL Support and Resistance Levels, August 27, 2026
| Type | Price | Level |
| Resistance | $102.25 | Session high |
| Support | $100 | Reclaimed resistance, first retest |
| Support | $87.76 | 20-day EMA |
| Support | $81.56 | 50-day EMA |
| Support | $80.87 | 100-day EMA |
Solana News: Memecoin Volume Hits $5.2B, Solana Captures 85% of the Market
Solana’s memecoin market posted $5.2 billion in weekly spot trading volume, its highest level since November 2025, according to SolanaFloor. Solana launchpads processed roughly $169.3 million in bonding curve volume on August 25 alone, the busiest single day since January. Total Solana DEX volume reached $21.2 billion last week, meaning memecoins made up about 25% of all trading on the chain.
The gap versus other ecosystems is stark:
| Chain | Weekly Spot Volume | Meme Volume | Meme Share |
| Solana | $21.2B (DEX total) | $5.2B | ~25% |
| Ethereum | $9.6B | $82.9M | 0.9% |
| BNB Chain | $7.1B | $412.4M | 5.8% |
| Base | $6.55B | $31.06M | 0.5% |
| Robinhood | $1.87B | $389.17M | 20.8% |
Solana’s meme volume alone is 12.6 times BNB Chain’s, 13.4 times Robinhood’s, and 62.7 times Ethereum’s. Across all five chains tracked, Solana accounts for roughly 85% of combined weekly meme spot volume.
Platform Competition Is Adding Fuel
Rival social trading platforms are driving fresh activity on top of the broader rally:
- Fomo posted a record $630.83M in weekly volume, with Solana making up about 44% of that activity, according to Dune data
- Pump.fun rolled out Callout Rewards, paying users in USDC when tokens they promote get traded, funded directly from its company treasury
- Pump.fun also expanded into cross-chain trading, a move some worried could dilute its Solana focus, though cofounder Alon has framed it as a user-acquisition strategy that eventually routes activity back to Solana’s launchpad, where the platform actually earns revenue
Why Some See Memecoins as Solana’s Real Use Case
Solana Foundation Chief Product Officer Vibhu Norby argued memecoins remain “the best and only appealing mainstream use case for crypto,” generating the bulk of crypto revenue. Superteam USA CMO Amy Street echoed that view, saying meme-driven FOMO is what continues pulling new users into crypto at scale.
Related: VeChain Price Prediction: Can VET Get Back to Its 2024 Market Cap?
Solana News: Daily Active Addresses Hit 5 Million
Meanwhile, Solana’s official account confirmed the network hit 5 million daily active addresses, a fresh high that lines up directly with this week’s surge in memecoin trading and launchpad activity.
Solana News: ETF Inflows Cool After a Blistering Two-Day Stretch
SOL ETFs pulled in $9.14M on August 26, a sharp slowdown from $32.25M on August 25 and $33.49M on August 24, the two strongest single days these funds have posted. Cumulative net inflow across all SOL ETFs now sits at $1.26B, with total net assets at $1.26B.
| Date | SOL ETF Daily Net Inflow |
| Aug 26, 2026 | $9.14M |
| Aug 25, 2026 | $32.25M |
| Aug 24, 2026 | $33.49M |
SOL Price Prediction: Upside and Downside Targets
Bullish Case, Target: $110
SOL holds $100 as support through the next few sessions, confirming the reclaimed level and the broken downtrend line both hold. Continued memecoin volume dominance and the daily active address milestone support the case for sustained network activity, even if ETF inflows cool from their peak pace. A confirmed base above $100 opens room toward $110.
Bearish Case, Risk Level: $87.76 (20-day EMA)
SOL loses $100 on a daily close, and overbought RSI conditions finally trigger the pullback that’s been building through this leg. A slowdown in ETF inflows compounds if memecoin volume also cools from its current record pace, and price falls back toward the 20-day EMA at $87.76.
Our Take: Pump.fun’s Cross-Chain Bet Is a Tell on How Fragile Solana’s Meme Lead Actually Is
Pump.fun expanding off Solana while insisting it’ll route users back is a hedge, not confidence.
A platform generating record volume on one chain doesn’t normally diversify away from it unless it’s worried that dominance is capturable elsewhere. Solana’s 85% share looks commanding today, but the platform driving a chunk of that volume is already building an exit ramp.
Related: Biconomy Price Prediction: BICO Climbs 57% as Biconomy Expands Its Futures Market
FAQ: Solana Price Prediction
SOL is testing $100 as support for the first time in over three months. The bullish target is $110 if the level holds, while the bearish risk level is $87.76 at the 20-day EMA if $100 fails on a daily close.
That’s still being tested. SOL closed above $100 for the first time since May this week, and today’s session is the first real retest of whether the level holds as a floor rather than acting as the ceiling it’s been for the past three months.
SOL is showing genuine network strength through memecoin dominance and a fresh active address record, but the token is also deeply overbought while institutional ETF demand cools from its peak. This is not financial advice, so weigh the bullish and bearish cases above against your own research and risk tolerance.
Not right away, but it’s not out of reach either. SOL is trading near $101, so $200 would mean roughly doubling from here. Most analysts treat that as a possible target by the end of 2026 rather than something that happens this month, and it would likely need continued network growth plus steady ETF demand to get there.
Neither wins outright, they’re built for different jobs. Ethereum is bigger, more established, and holds far more money in DeFi, so it’s usually seen as the safer, more secure choice. Solana is faster and cheaper, which is why it dominates in memecoins and everyday trading like the volume covered above. A lot of investors just hold both instead of picking a side.
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