Did Solana bottom at $100? SOL price charts hint at a 150% rally
04.02.2026
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Solana price technicals suggest that the recent correction to $100 was a buy-the-dip opportunity as traders look for a recovery path toward $260.
SOL's $100 Bottom? Charts Scream 'Buy The Dip'
Solana just bounced hard off $100 — and the charts are screaming this might be the local bottom. Technicals are flashing green for a potential recovery run all the way to $260. That's a 150% pump from here. Not financial advice, but the setup is spicy.
Key Takeaways
- • Solana's rebound from weekly support at $100 signals a potential price recovery to $260.
- • Onchain demand is surging — record total value locked (TVL) and insane network activity.
The Path to $260: Breaking Through Resistance
SOL's 4-hour chart is painting a clean V-shaped recovery pattern after that brutal 25% drop from $127. Bulls stepped in at $100 like clockwork. The RSI on the 4-hour jumped from oversold at 18 to 36 — momentum is shifting. Daily RSI hit 29 (oversold), a level that's historically triggered SOL rebounds.
But the road up isn't free. First major wall: the $113-$115 supply band where key trendlines converge. Next up: the $125-$130 zone, guarded by the 50-day EMA and SMA. Clear those, and SOL could pump 44% to the pattern's neckline around $150.
Zoom out to the weekly chart, and the $95-$100 support looks even more solid. Last time SOL bounced from here (April–Sept 2025), it ripped 166% to $250. If history rhymes, we're looking at a run to $260. The 50-week MAs around $140-$160 will be a major resistance zone to watch.
Trader Tardigrade said that SOL’s rebound from the lower boundary of the descending channel could see it rise toward the upper boundary around $215.
Cointelegraph analysis notes SOL could target $120-$150 if it reclaims the 20-day EMA at $106 as support.
Onchain Metrics Are Exploding
Solana's DApp metrics are flexing hard. Total Value Locked (TVL) just hit an ALL-TIME HIGH of 73.4 million SOL (~$7.5B) — up 18% in a week. The last time TVL peaked like this was June 2022, and SOL pumped 80% shortly after.
Daily transactions hit a 2-year high of 109.5 million. Daily DEX volume hit an 8-month high of $51.3M SOL. Weekly DEX trading volume hit a 12-month high of 264.8M SOL. This isn't just noise — it's real usage and demand.
Daily active addresses on Solana spiked 115% in late January — historically a bullish signal for SOL price. The network isn't just alive; it's thriving.
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