The price of $SOL closed above $100 for the first time in more than three months, and this session is the first real test of whether this level holds as support rather than a ceiling, which it has been since May.
Solana Price Analysis: Has $SOL Just Turned $100 into Support?
$SOL has been rising along an ascending trend line from its June low around $60, and the sharp move above $100 this week extended the same uptrend rather than breaking out of a downtrend. The price is currently trading at $101.45, slightly down from the high of $102.25, with today's session testing whether $100 holds at least as a minimum, not as a ceiling where it has been since May.
The RSI is at 80.65, deep in overbought territory and reaching its highest level since rising from the June lows. This is not automatically bearish; the RSI can remain high in strong trends, but it means that easy gains for this phase are more likely behind than ahead.
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The 20-day EMA at $87.76 has risen sharply and is now significantly below the price, while the 50-day at $81.56 and the 100-day at $80.87 are converging around $81—a cluster about 20% below the current price, showing how rapid this move has been.
$SOL Support and Resistance Levels, August 27, 2026
| Type | Price | Level |
| Resistance | $102.25 | Session High |
| Support | $100 | Recaptured Resistance, First Retest |
| Support | $87.76 | 20-day EMA |
| Support | $81.56 | 50-day EMA |
| Support | 80.87 USD | 100-day EMA |
Solana News: Memecoin Volume Reaches $5.2B, Solana Captures 85% Market Share
The Solana memecoin market recorded a weekly spot trading volume of $5.2 billion—the highest level since November 2025, according to SolanaFloor data. Solana launchpads processed approximately $169.3 million in bonding curve volume on August 25 alone—the busiest day since January. Total Solana DEX volume reached $21.2 billion last week, meaning memecoins account for about 25% of all on-chain trading.
The gap with other ecosystems is enormous:
| Chain | Weekly Spot Vol | Memecoin Vol | Memecoin Share |
| Solana | $21.2B (total DEX) | $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 memecoin volume alone is 12.6 times that of $BNB Chain, 13.4 times that of Robinhood, and 62.7 times that of Ethereum. Across all five tracked chains, Solana accounts for roughly 85% of the total weekly memecoin spot volume.
Platform Competition Adds Fuel
Competing social trading platforms are fueling new activity amid the broader rally:
- Fomo recorded a record $630.83 million in weekly volume, with Solana accounting for about 44% of that activity, according to Dune data.
- Pump.fun launched Callout Rewards, paying users in USDC for trading tokens they promote, funded directly from the company's treasury.
- Pump.fun also expanded into cross-chain trading, which some fear may dilute its focus on Solana, although co-founder Alon presented it as a user acquisition strategy that ultimately directs activity back to the Solana launchpad where the platform truly generates revenue.
Why Some See Memecoins as Solana's True Use Case
Solana Foundation Product Lead Vibhu Norby argued that memecoins remain "the best and only compelling mass-market use case for cryptocurrency," bringing in the bulk of cryptocurrency revenue. Superteam USA Marketing Lead Amy Streit echoed this, stating that memecoin-induced FOMO continues to attract new users to cryptocurrency on a large scale.
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Solana News: Daily Active Addresses Reach 5 Million
BREAKING: 5M daily active addresses on Solana pic.twitter.com/HiK5w5FT8W
— Solana (@solana) August 27, 2026
Meanwhile, the official Solana account confirmed that the network has reached 5 million daily active addresses—a new peak that directly coincides with the surge in memecoin trading and launchpad activity this week.
Solana News: ETF Inflows Cool After Intense Two-Day Run
$SOL ETFs saw $9.14 million in inflows on August 26, a sharp slowdown compared to $32.25 million on August 25 and $33.49 million on August 24—the two strongest single days for these funds. The cumulative net inflow for all $SOL ETFs now stands at $1.26 billion, with total net assets also at $1.26 billion.
| Date | Daily Net Inflow $SOL ETF |
| August 26, 2026 | $9.14M |
| August 25, 2026 | $32.25M |
| August 24, 2026 | $33.49M |
$SOL Price Forecast: Upside and Downside Targets
Bull Case, Target: $110
$SOL holds $100 as support over the next several sessions, confirming the recaptured level and breakout above the descending trend line. Continued dominance in memecoin volume and the daily active address milestone confirm sustained network activity, even if ETF inflows moderate from their peak pace. A confirmed base above $100 opens a path toward $110.
Bear Risk, Risk Level: $87.76 (20-day EMA)
$SOL loses $100 on a daily close, and overbought RSI conditions finally trigger the pullback that has been building during this phase. A slowdown in ETF inflows would make higher stakes challenging if memecoin volume also declines from its current record pace, and the price falls toward the 20-day EMA at $87.76.
Our Opinion: Pump.fun's Cross-Chain Bet Shows How Fragile Solana's Meme Leadership Is
Pump.fun's expansion away from Solana while insisting it will bring users back is more of an insurance policy than a vote of confidence.
A platform generating record volume on one chain typically doesn't diversify away from it unless there's a fear that dominance could be captured elsewhere. Solana's 85% share looks impressive today, but the platform providing a significant portion of that volume is already building an exit plan.
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