TL;DR
- SOL was trading around $93, and the bullish setup depends on strong demand below $90 continuing to absorb supply rather than breaking down.
- Glassnode URPD data showed roughly 76 million SOL accumulated between $82.6 and $85.55, creating a dense local support zone worth over $6 billion.
- Analysts see a path toward $100 and potentially $115, but only if recent accumulation holds and bullish momentum avoids another sharp reversal from here.
Solana is trying to turn a fragile rebound into something more decisive, and the market’s focus has narrowed to one support zone that now carries the entire bullish case. SOL is trading around $90 at the time, with buyers attempting to stabilize price after months of uneven spot performance. The argument for upside is simple but highly conditional: if support below $90 keeps absorbing supply, bulls may have a clear path toward retesting $100 and potentially stretching to $115. That setup has turned one local price floor into the market’s key battlefield.
Solana $SOL is breaking out with little resistance ahead!
On-chain data reveals a robust demand floor established between $85.55 and $82.60, where 76 million tokens were transacted. This 38-day accumulation phase has effectively exhausted sell-side liquidity.
With no… pic.twitter.com/hsQUO4H5uh
— Ali Charts (@alicharts) March 17, 2026
Support below $90 is now doing the heavy lifting
What gives that view technical weight is the concentration of heavy accumulation just beneath current price, which is now acting like a shock absorber for further selling. The analysis cited by Ali Charts relies on Glassnode’s URPD data, which maps where tokens last moved on-chain. Between $82.6 and $85.55, roughly 76 million SOL changed hands, representing more than $6 billion in accumulated value. That cluster suggests a dense ownership base in the lower range, reinforcing the idea that demand has been strongest exactly where bulls most need it.
The bullish case also rests on the claim that Solana has already passed through a 38-day accumulation phase that exhausted sellers and left the next resistance band thinner than the support beneath it. In that framing, the route toward $100 is less crowded than the zone below $90, which is why some traders believe a break higher could accelerate quickly. Even so, the setup is not free of doubt. The article also notes skepticism from market participants who argue that strong bullish confidence in recent months has repeatedly been followed by sharp reversals.
That tension is why the move toward $115 is being treated less as a prediction and more as a conditional path that depends on buyers defending support and reclaiming momentum fast enough. The first task is not $115 itself, but a sustained push through $100 that converts resistance into a fresh support shelf. If that level holds, the market could begin treating higher prices as structurally justified rather than merely reactive. If support below $90 fails, however, the thesis weakens sharply and the upside case starts to unravel before it fully forms, for now in a market still short on unquestioned conviction overall.
