Solana Regains Momentum: Can SOL Break $100 This Cycle?

Solana is currently showing signs of stability and strength after a period of volatility. Despite a 30% price drop since the beginning of 2026, increased exchange inflows and sustained buyer interest keep it in the spotlight. Overall, market sentiment towards Solana remains cautious. Solana's Fear and Greed Index currently stands at 27, indicating that traders are still in sell mode, which is good news for patient traders. As we've seen, Solana's derivatives metric, the 'funding rate,' has been in negative territory for 21 consecutive days, requiring shorts to pay longs.

**Significant Increase in Network Activity** Despite the aforementioned fundamental influences, Solana has shown tremendous growth in stablecoin transfers. In February 2026 alone, Solana completed $650 billion worth of stablecoin transfers. The unaffected developer activity also reflects the continued use of the network. While developer submissions on GitHub have decreased across the entire network, except for Ethereum and Solana, under the influence of AI, Solana's developer activity remains strong.

Furthermore, with growing institutional interest, net inflows into SOL spot ETFs have exceeded $950 million, with ETF holdings accounting for approximately 1.6% of the circulating supply. **SOL/USDT Technical Analysis Shows Signs of Retracement** Key support lies around $82, aligning with a significant Fibonacci retracement level. Strong resistance levels are at $90, $92.11, and $94, respectively. If the third resistance level is broken, Solana is expected to surge to $100.