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>>Solana Forecast: Buying Momentum Has Doubled – Could SOL Soon Surge Beyond $100?

Solana Forecast: Buying Momentum Has Doubled – Could SOL Soon Surge Beyond $100?

crypthub

about 20 hours ago

Recent Price Action

Solana surged 5% in 24 hours, with the 20‑ and 50‑period EMAs crossing bullish on the 8‑hour chart— the same trigger that sparked a 12% rally in early March. The EMA convergence has already yielded a 7.45% gain, indicating rapid buyer response. The Smart Money Index rose and widened from its signal line, suggesting experienced participants are entering.

On‑Chain Accumulation

Short‑term holders fell from 9% to 7.31% of supply, while mid‑to‑long‑term wallets added over 819 k SOL in two days, more than doubling accumulation. However, the Smart Money Index has trended lower since March 1, creating a bearish divergence. A developing head‑and‑shoulders pattern on the 8‑hour chart adds further uncertainty.

Technical Outlook

A clean close above $91 would weaken the bearish structure, and breaking $94 would invalidate the head‑and‑shoulders and open a path to $100+. On the downside, losing $87 puts support at $85–$82, with the critical neckline at $77; a break there could lead to a 13% drop toward $67‑$68. The next few candles will likely decide the direction.

Alternative Meme Play

With SOL’s large market cap limiting 100× upside, traders are eyeing Maxi Doge, a new ERC‑20 meme coin marketed as the “Leverage King.” It raised $4.6 M in its presale and features holder‑only competitions, staking, and a treasury that rewards activity. For those seeking higher risk‑reward amid SOL volatility, MAXI offers a distinct early‑entry proposition.