Following a severe correction that slashed its value by 25%, the Solana price appears to have found a fundamental psychological and technical support in the $100 zone. According to the latest market data from this February 3, 2026, the asset has initiated a V-shaped recovery, driven by a rebound in buying sentiment after hitting extreme oversold conditions.
This bullish reaction, which has already pushed the value slightly above $101, suggests that the recent dip was seized by traders as a strategic entry opportunity. Thus, if the current structure holds, technical analysts foresee that the asset could head back toward its all-time high of $260, representing a potential 150% increase from current levels.
Record network activity supports the asset’s recovery
Despite the volatility in the Solana price, the network’s internal fundamentals show unprecedented strength within the decentralized finance sector. The Total Value Locked (TVL) in the ecosystem reached a historic milestone of 73.4 million SOL, equivalent to approximately 7.5 billion dollars, showcasing unwavering institutional and retail confidence in its infrastructure.
Furthermore, the daily transaction volume on the network’s decentralized exchanges (DEX) has touched eight-month highs, exceeding 51 million SOL traded in a single day. Therefore, this surge in the actual utility of the blockchain, combined with a 115% increase in active addresses, provides the necessary fuel to sustain a prolonged upward movement over the coming months.
Can the technical resistances at 115 dollars halt the momentum toward new highs?
On the other hand, for the rally toward $260 to materialize, the asset must first overcome critical barriers located between $113 and $115, where several major trendlines converge. If buyers manage to reclaim the 20-day moving average, the recovery scenario would strengthen, allowing the price to seek the zone of $150 before attempting a definitive assault on higher levels.
Nevertheless, the support located in the $95 to $100 range remains the last line of defense for the bulls, having historically proven to be a springboard for massive surges. Consequently, as long as the Solana price stays above this threshold, the long-term outlook will continue to be favorably constructive for investors looking to capitalize on the maturation of the DeFi ecosystem.
