$100 SOL, are you on board?
Let's look at the surface first: good news piles up, but prices don't rise.
In the past 7 days, it has dropped 6%, falling from 110 to fluctuating around 100. Over 30 days, it has risen 32%, rebounding all the way from 75. The candlestick tells you: 100 is both a psychological threshold and a dividing line between bulls and bears. The RSI is slightly neutral to slightly low, trading volume is moderate, direction is undecided, waiting for the wind.
First thing: Tomorrow is the Washington summit, with the SEC chairman personally attending.
On September 14, the "Solana Summit: Washington x Wall Street" was held, with SEC Chairman Paul Atkins delivering the closing keynote speech, attended by key figures such as Hester Peirce. The topics were institutional finance, regulatory clarity, and ETF frameworks.
The SEC chairman publicly endorsing Solana is essentially giving institutional funds an entry ticket.
Previously, the SEC's stance on SOL was "securities suspicion," but now the chairman personally gave a speech, making a complete 180-degree reversal in attitude. Once the ETF framework is clear, giants like BlackRock and Fidelity entering the market is only a matter of time.
The second thing: on-chain data explodes, but prices lag.
Solana reclaimed the top spot in DEX 24-hour trading volume, with daily turnover of $2.6-3.2 billion, ahead of Robinhood Chain. Circle minted 3 billion USDC on Solana in a single day, with over 400,000 RWA holders, and tokenized stock trading booming over the weekend.
Spending real money on Solana isn't just boosting volume
Solana has firmly secured its position in the stablecoin settlement layer
RWA + tokenized assets: the long-term narrative shifts from "Memecoin chains" to "internet capital markets"
Third: A signal from the technical side that must be taken seriously.
The 2-hour chart showed a 50/200 moving average death cross, but on September 11, a strong bullish candle rose from 98 to 104-105, slapping the bears in the face. Now that it has pulled back to 100, it is a classic bearish trap pattern of "quick recovery after death cross."
The daily chart rebounded from 75 to 110, up 46%, with a 6% pullback to 100, indicating a healthy upward transition. Support at 97-98 was held twice, RSI just above 40, neither overbought nor oversold.
The bullish and bearish showdowns are up to you
On one side:
The SEC chairman will personally take the stage tomorrow, reverseing the regulatory narrative
Bitwise ETF bought 107 million in 20 days, with institutions accumulating the funds
DEX trading volume returns to first place, on-chain data explodes
RWA + stablecoin settlement layer, long-term narrative upgrade
Rebound from 75 to 32%, the medium-term trend remains intact
On one side:
Federal Reserve to hold rate meeting on September 15-16, probability of rate hike 60-70%
August nonfarm payrolls exceeded expectations, PPI was hot, and hawkish pressure was high
Network revenue declined year-on-year, and Memecoins receded
The 100-point mark was spent three days grinding, but the direction was still unclear
Resistance above: 104-107→ 110→ 120
Support below: 97-98 → 90-94
Operational strategy
Short-term players:
Slightly bullish: Light position at 100-101, test long, stop loss below 98.5, target 104-107, break above 110 and aim for 120.
Bearish: Rebound to 103-105, encounter resistance with increased volume and stagnation, light position to test shorting, stop loss above 107, target 97-98.
Swing traders:
Hold at 100 + increase volume, buy on dips in batches, first target 110, second 120, stop loss at 90-94. Close below 97, confirm, switch to defensive, wait near 90 for further assessment.
Long-term believers:
Regular investment in batches of 90-100. Solana is the core target of the "Internet capital market + payment and settlement layer," institutional ETFs + clear regulation + on-chain activity, with a long-term target of 200+.
SOL now looks like ETH at the end of 2023—
99% of people felt "the price has risen too much, it's time for a correction," but after the ETF was approved, it went from 2000 to 4000.
On the day 103 broke through with high volume, you'll notice:
It turns out it's not that SOL is bad, but that you hesitate at the 100 mark, then chase the higher at 120.
At 100 points, would you dare to get on board?
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