# Solana Technical Analysis: Record Levels and ETF Impact SOL trades at $97 as technical indicators signal strong bullish momentum amid ETF inflows. - **Source:** [ZebPay](https://brifing.si/source/f3e01afd-0d28-4fae-ab06-e9a6d7290032) - **Published:** 2026-08-26 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/61d62646-f107-4b5d-ba6c-f52939a2c423 ## Solana's Market Performance Solana (SOL) is trading at $97.12 with a market cap of $56.68 billion. After breaking the $78 resistance last week, SOL surged 40% to reach $103. The total crypto market cap stands at $2.66 trillion. Solana's transaction volume hit a record 4.2 billion, while its DeFi TVL rose to $10.7 billion. The network continues to attract significant investor interest. ## ETF Inflows Effect Solana outpaced Bitcoin with record $1.2 billion ETF inflows, driving its outperformance among major crypto assets. Growing investor confidence precedes the August 27 community call. Real-world asset holders exceeded 300,000 wallets. Mainnet slot time reduction to 350 milliseconds improved network efficiency significantly, supporting price momentum. ## Technical Indicators On the daily chart, SOL trades above its key moving averages at $83.79 and $81.42. The RSI at 79 remains above 70, confirming strong bullish momentum. Stochastic Oscillator at 86.90 signals overbought conditions. Governance proposals entered on-chain voting with an August 26 deadline, showcasing community participation. ## Support and Resistance Levels SOL finds immediate support at $86.90 and secondary support at $92.15. The first resistance stands at $103.30, with potential to reach $123.60 above $112.60. RSI dropping below 70 may trigger short-term profit-taking. Overbought readings suggest possible consolidation before the next directional move. ## Governance and Community Engagement Solana's on-chain governance proposals are under voting until August 26. Community calls and developer events foster ecosystem growth. ZebPay platform hosts over 6 million users trading SOL. Network upgrades reduced mainnet slot time to 350ms, enhancing transaction throughput and stability. ## Short-Term Outlook Maintaining above $101 could attract fresh buying interest. After a strong rally, the market may consolidate. Despite overbought signals, price action remains key. ETF inflows and technical supports maintain positive medium-term expectations. Investors should monitor RSI and volume patterns closely. ## Risk Factors RSI falling below 70 may indicate weakening momentum. Overbought oscillators could precede short-term corrections. Global market conditions and regulatory developments remain crucial. Solana's 350ms slot time is critical for network stability. Profit-taking near psychological levels may create volatility. ## Long-Term Perspective Solana's technical infrastructure and growing ETF interest signal long-term potential. 300k real-world asset holders demonstrate adoption. $10.7B DeFi TVL and record transaction volume support ecosystem growth. The $101 support level remains pivotal for sustained bullish momentum. ## Sources covering this story - https://zebpay.com/blog/solana-technical-analysis-report-26th-august-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._