Solana price targets $100Â again. The token has not crossed that milestone since February 3, 2026.
Meanwhile, Bitcoin has broken above $80,000. Ethereum is also holding strong above $2,000. But that does not mean Solana is stuck forever.
Solana DEX volumes drop as TVL sheds 18M tokens
According to DeFiLlama, Ethereum just overtook Solana in monthly DEX volumes. In April, Solana had $42 billion in DEX trading. Ethereum had $44 billion in DEX trading.
Solana lost the top spot in April 2026. And it could lose again in May. As of now, Solana’s DEX volume is $13.03 billion versus Ethereum’s $11.94 billion.
In addition, DeFi TVL on Solana fell from 81 million SOL to 63 million SOL. That means 18 million SOL tokens have been unlocked from Solana-based DeFi.
These declining DEX volumes and lower TVL put downward pressure on SOL. More tokens are now available for trading. And because market conditions are poor right now, high supply with low demand causes the price to stall.
But Solana is evolving beyond DeFi
All hope is not lost for bulls. Outside the DeFi space, Solana is working with Bullish on tokenization. It is also partnering with Western Union to launch a stablecoin.
So, Solana might be losing its grip on DeFi. However, it is evolving into new areas like tokenization and stablecoins. This could be the next catalyst. It might push Solana not only above $100 but also to new record highs.
Even the open interest (OI) suggests that many traders expect a price increase. According to Coinglass, SOL OI reached $6.24 billion. That is the highest level since March. It shows a lot of speculation about where the price is headed.
Solana price targets $100 thanks to a bull pattern
A bull pattern now suggests that Solana could reach $100. The first step is breaking the 93 resistance. The flag pole measures a 6.59% move.
Once Solana breaks above $93 ,the path to $100 opens up. This is not a long‑term prediction. Instead, it is based on the hourly timeframe and reflects short‑term moves.
The RSI reading sits at 66. This confirms that bulls have a good grip. The RSI has also dropped from overbought levels. Therefore, there is now more room for buyers to enter.
Meanwhile, the Bollinger Bands are squeezing the price. According to the bull pattern, the breakout will likely happen in favor of bulls.
The Alpenglow upgrade adds more fuel
The upcoming Alpenglow upgrade also increases Solana’s chances of gaining. Solana founder Anatoly Yakovenko said it will happen in Q3.
Therefore, Solana price might finally escape its weak state. The confirmation we need is a clean move past $100. Once that happens, there is no telling how high SOL could go.
