Solana (SOL) Price: SOL Is Knocking on $100’s Door — Here’s What Could Push It Through

TLDR

• Solana (SOL) is trading near $94–$95, testing key resistance at $96 and eyeing a move above $100
• The Alpenglow upgrade — Solana’s biggest-ever consensus change — has entered live community validator testing
• Spot SOL ETFs recorded seven consecutive days of positive inflows, with daily flows reaching $26.57 million
• Analyst More Crypto Online says SOL is “following the plan,” with upside targets at $104 and $108
• Analyst The Cryptomist notes a short-term trendline break, saying SOL could reclaim $100 if Bitcoin holds

Solana is hovering just below a key resistance level while developer activity and institutional interest are both picking up pace.

SOL traded at around $94.87 on Tuesday, up nearly 10% over the past week. The price rise came alongside a broader crypto market rally, with Bitcoin trading above $81,000.

The $96 level is now the main short-term barrier traders are watching. A clean break above it could open the door to $100, and then $104–$108 beyond that.

Support sits between $89.72 and $93.32. As long as SOL holds that zone, the bullish structure remains intact.

The RSI was near 65 on Wednesday — firm, but not yet overbought. The MACD reading was positive, and Solana had broken above the top of its parallel channel near $92.

Alpenglow Goes Live on Validator Infrastructure

The Alpenglow upgrade entered a new phase this week, moving from internal testing to a live community test cluster. External validator operators can now test the protocol under real network conditions.

Anza, the Solana development team, confirmed the milestone on May 11 and invited more validator operators to participate. They described Alpenglow as “the biggest consensus change in Solana’s history.”

The upgrade is designed to improve consensus efficiency without disrupting the current network balance. It still needs to pass further technical reviews before mainnet deployment, which is expected between late Q3 2025 and early 2026.

Analysts More Crypto Online and The Cryptomist both shared chart setups tracking SOL’s current move. More Crypto Online said the price was “following the plan” after rising from support near $78–$82 into the $95–$96 resistance zone. The Cryptomist pointed to a short-term trendline break on the 15-minute chart and said that if Bitcoin holds its structure, SOL could move back above $100.

ETF Inflows Strengthen Institutional Case

Institutional demand has been a steady driver this week. Spot SOL ETFs recorded $26.57 million in daily inflows on Monday, followed by $19.07 million on Tuesday — the seventh straight day of positive flows since May 4.

Cumulative net inflows into Solana ETFs crossed $1.08 billion as of May 11. Bitwise led Monday’s flows with over $21 million. Fidelity’s FSOL and Grayscale’s GSOL also posted positive inflows.

On the derivatives side, funding rates flipped positive on Tuesday and reached 0.0041% on Wednesday. The long-to-short ratio on CoinGlass read 1.06 — the highest level in over a month — showing more traders are positioned for upside.

Investors are also watching the Senate CLARITY Act vote scheduled for May 14, which could affect broader crypto market conditions.

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