TLDR
- SOL jumped more than 7% within 24 hours, touching $97.67, while the overall crypto market gained approximately 3.6%.
- Solana network’s total value locked increased by 25% during the last month, indicating renewed user interest.
- SOL maintains trading above $92 and its 100-hour simple moving average, with bullish momentum building near $94.
- Critical resistance zones are positioned at $98 and $100, while support levels rest at $92 and $88 during potential corrections.
- The token has rallied over 40% from its February bottom, with the RSI indicator climbing toward 60 after recovering from oversold territory.
Solana has delivered an impressive 24-hour performance, rallying more than 7% to touch a peak of $97.67 before experiencing a modest retracement to settle around $95. This upward movement coincides with a broader cryptocurrency market recovery, which saw gains of approximately 3.6% during the identical timeframe.
Currently, SOL maintains its position above the $92 level and trades beyond its 100-hour simple moving average. Technical charts reveal a bullish trend line establishing support at $94 on the hourly timeframe, according to Kraken exchange data.
Resistance Levels in Focus
The cryptocurrency now encounters resistance around $95, with the subsequent critical threshold positioned at $98. The psychologically significant $100 level represents the primary challenge ahead. A decisive break above $100 would likely unlock pathways toward $105 and possibly $112.
$SOL chart has some very clean levels.
$125 – next resistance
$250 – prev ATH wkly close
$500 – measured target for c&h break out pic.twitter.com/2mTwArn1rI— Rendoshi 👽🛸 (@Rendoshi1) March 16, 2026
Conversely, should SOL struggle to maintain the $92 level, the following support zone sits at $88. Breaking beneath $88 could put the $82 level within reach.
While the recent price surge correlates with the wider market’s upward movement, Solana has demonstrated superior performance compared to most other top-10 cryptocurrencies during this period.
the upper parameter of this range on $sol has been rejecting for weeks but looks like it may be coming to an end soon.
eth already looks like its well and truly broken out now and probably paving the way forward for the rest of the market.
time to climb the wall of worry, all… pic.twitter.com/tRkitjllxr
— Bluntz (@Bluntz_Capital) March 16, 2026
Network Activity Supports the Move
The total value locked within Solana’s ecosystem expanded by 25% throughout the previous month. TVL quantifies the amount of capital deployed across a blockchain’s protocols, and an increase of this magnitude suggests heightened engagement with the platform.
Ongoing developer contributions and the continuous rollout of decentralized applications across the network have maintained consistent momentum. These fundamental blockchain metrics have contributed to reinforcing the current bullish price action.
Solana has appreciated more than 40% from its February trough. The Relative Strength Index has recovered toward the 60 threshold after rebounding from deeply oversold conditions earlier this year.
The asset has been oscillating within a range bounded by $80 support and $95 resistance over recent weeks, creating a consolidation structure that technical analysts frequently monitor for potential breakout scenarios.
The 200-day moving average continues to hover above present price levels, suggesting the extended-term trend has yet to complete its reversal.
SOL is presently valued at roughly $94.62, with a market capitalization near $54 billion and a 52-week trading range spanning from $70.61 to $252.78.
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