Key HighlightsSOL climbed approximately 1.90% to reach $76.29, exiting a falling wedge formationCritical resistance zone identified between $77–$79, with psychological barrier at $80Technical analysts project potential targets of $82, $98, $114, and $130Solana ETFs in the US showed no new capital inflows on August 7, maintaining $869.97 million in total holdingsThe token has established a series of rising highs and lows following June’s local bottomSolana has successfully escaped from a falling wedge consolidation pattern that had constrained price action since the beginning of July. Currently, SOL is hovering around $76.29, reflecting a 1.90% gain in the last 24-hour period.Solana (SOL) PriceThe pattern breach occurred as SOL climbed above the downward-sloping resistance trendline in the $74–$75 area. The price has subsequently advanced to $76, representing the most decisive exit from the pattern in multiple weeks.Market analyst CryptoJack drew attention to the technical development on social platforms, emphasizing how price action decisively broke through the resistance boundary. However, continued momentum is necessary to validate the breakout.The immediate resistance region lies between $77–$79. A decisive break above this range would place the early-July peaks of $82–$84 firmly in the spotlight.Technical analyst Daan Crypto Trades observed that SOL has constructed a pattern of ascending highs and lows since establishing a local floor in June. He indicated that SOL requires only modest additional upside to initiate the next rally phase, though he emphasized that broader market stability is essential.$SOL Attempting a breakout and break back above the green zone.We have seen higher highs and higher lows since the June local bottom.Just needs to push a little higher here and I think this starts the next leg up.Obviously need the rest of the market to hold up for that. pic.twitter.com/Y5KvKGJ6dG— Daan Crypto Trades (@DaanCrypto) August 8, 2026Solana ETF Activity StagnantSpot Solana exchange-traded funds in the United States registered no new capital inflows on August 7, based on data from SoSoValue. Aggregate assets under management stood at $869.97 million, accounting for 2.02% of Solana’s total market capitalization.Bitwise’s BSOL dominated the sector with $594.45 million in holdings. Fidelity’s FSOL managed $125.41 million while Grayscale’s GSOL controlled $96.81 million. Despite zero daily inflows across all products, most funds experienced market price appreciation exceeding 1.6%.Technical Price ProjectionsAnalyst TraderDaink identified multiple upside objectives should the current foundation evolve into a sustained rally. The initial major target stands at $82.25, with subsequent levels at $98.40, $114.55, and $130.70.$SOLImagine the smell?Nah I'm good, I don't want to smell shit from dumb bears pic.twitter.com/UgYTAw5ARx— Daink (@TraderDaink) August 7, 2026Market commentator Gareth Soloway characterized the price movement as a textbook wedge breakout with trajectory potential extending to $100. He emphasized that the breakout gains credibility if SOL maintains support above the $74–$75 range.Achieving the $100 milestone would necessitate first breaking through the $82–$84 zone and subsequently the $97–$98 resistance area.Critical Price ZonesThe Relative Strength Index currently reads 71.14, positioning SOL slightly within overbought territory. The MACD indicator maintains position above its signal line, indicating bullish momentum.Solana must defend the $76 level to preserve its near-term bullish structure. A decline beneath $75 would bring the $74 level into play, with more substantial support positioned around $72.The emerging breakout formation remains valid provided SOL sustains price action above the lower-$70s region.The post Solana (SOL) Eyes $100 Milestone After Breaking Key Technical Pattern appeared first on Blockonomi.