Solana Price Forecast: ETF Hopes to Be Driven Up by Network Growth; Whether SOL Will Rise Remains to Be Verified
2026-08-29 21:05:32
According to CoinMeta, price forecasts for Solana indicate that optimistic sentiment and increased network activity for Solana are supporting market sentiment, but SOL still faces key resistance. On August 29th, the trading price of Solana was around $104, up nearly 11% in the past seven days, returning to the psychologically important level of $100. Two long-term charts point to potential significant structural changes, although a more aggressive target of $1000 still requires substantial confirmation. A two-week chart shared by analyst Maelius shows that the current market structure is similar to the bottoming process of 2022-2023. After the recent trading price fell below the $80 level, there was a rapid rebound, and the current structure resembles a bottoming process on a larger price scale. Maintaining the price in the $80-$100 range will help to sustain this possibility, while breaking through the next major resistance area will be a prerequisite for achieving higher targets.
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Source:Coinpaper
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