Solana Price Forecast Hits $110 as Bitwise's BSOL Posts Record Trading Volume

The forecast for $SOL price remains cautiously bullish as the price puts pressure on the resistance band that has capped each recent rally attempt, while an ascending wedge pattern signals either a breakout or a sharper pullback. Record network activity and strong ETF demand support the upside risk, though notable whale outflows add caution.

Solana Price Analysis: Will $SOL Price Break Out of Its Ascending Wedge?

$SOL rallied sharply from August 18th, breaking above a steep upward trend line and entering the resistance zone roughly between $98 and $100, which has already rejected the price twice, most recently on August 22nd. The price is currently trading at $101.36, having slightly moved above this zone before pulling back.

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The Parabolic SAR is significantly below the price at $94.16, keeping the short-term trend bullish. The MACD shows the MACD line crossing above the signal line again after cooling off earlier in the week, the histogram is turning green once more, and indicator momentum is picking up with this latest push towards resistance.

$SOL Support and Resistance Levels, August 25, 2026

Solana News: Network Hits Record 1.31 Billion Weekly Transactions

According to SolanaFloor, Solana processed over 1 billion transactions for the fourth consecutive week, setting a new all-time high record of 1.31 billion transactions last week.

Sustained activity above the 1 billion mark indicates steady, high-volume network usage, not a single short-term spike.

Solana News: Whale Offloads 40K+ $SOL, Realizes $3.3M Loss

A major $SOL holder unstaked over 40,000 $SOL and transferred 45,600 $SOL to market maker Wintermute after realizing a $3.3 million loss, according to a post by Coin Edition on X.

This move came as $SOL trading volume surged to $88.5 million per hour and funding rates increased, though longer-term futures contracts are still trading at a discount to the spot price, indicating some traders remain cautious in the long term despite short-term strength. Whether this reflects a bullish rally with normal profit-taking or an early warning signal from a major holder remains an open question.

Solana News: BSOL Posts Record Trading Volume

Bitwise's Solana ETF, BSOL, recorded its highest-ever trading volume on August 24th, surpassing $108 million in a single day, according to SolanaFloor. Over $261 million was traded in the fund over the past four sessions, reflecting a sharp increase in investor interest.

This volume is mirrored in broader ETF inflow data. $SOL ETFs attracted $33.49 million on August 24th alone, led by Bitwise's BSOL with $24.99 million, marking one of the strongest single-day inflows since these funds launched, according to SoSoValue. The cumulative net inflow for all $SOL ETFs now stands at $1.22 billion, with total net assets reaching $1.21 billion.

$SOL Price Forecast: Upside and Downside Targets

Bull Case, Target: $110

$SOL breaks decisively above wedge resistance at $102–$103 on a daily close, confirming Crypto With Gopal's bullish scenario. Ongoing record network activity and strong ETF inflows amplify demand, while whale departures prove to be isolated events, not the start of broader selling. A confirmed breakout clears the path to $110 and beyond.

Bear Risk, Risk Level: $93 to $95 (Wedge Support)

$SOL fails to overcome resistance, and the ascending wedge breaks down—a common outcome for this pattern even in uptrends. The whale exit and long-term futures discount turn out to be early signals of fading conviction, and the price breaks below the wedge's rising support, falling towards the $93–$95 zone.

Conclusion

This setup is unusual in that its bullish and cautious signals are positioned directly alongside each other, rather than pointing clearly in one direction. Record network transactions and record ETF demand are both precise, data-driven arguments for a bullish outcome, not just sentiment.

However, the whale exit is also real, and the discount on long-term futures suggests some traders share this caution rather than dismiss it. The $102–$103 resistance zone is where this issue is truly decided: a clean break above it would mean the bullish data wins out, while a third rejection here would lend much more credibility to the whale exit and futures discount.

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