Solana Breaks Falling Wedge and Tests Critical $78 Resistance

A clear daily close above $78 would give traders a conditional route toward $80 and potentially $100 if momentum holds.

Overview

Technical analysts reported a breakout above a falling wedge on Sunday, and SOL is trading in the mid-$70s while pressing the $77–$79 resistance band.
Chartists point to bullish signals such as a TD Sequential buy and a MACD golden cross and say a sustained move above $78 could open targets near $80–$84 and, if momentum continues, the $97–$100 range.
Traders say immediate support must hold at $76 and $75 because a drop below those levels would expose $74 and then the stronger $72 support, risking forced liquidations of leveraged positions.
United States spot Solana ETFs have accumulated roughly $870 million in assets but showed no fresh inflows on August 7, which leaves institutional demand present yet temporarily stalled.
The breakout follows a recovery that began from June lows and occurs against ongoing headwinds including past ecosystem drains and regulatory uncertainty that mean any rally depends on clear follow-through and broader market strength.