Solana approaches $100 resistance as open interest and funding support rally
Solana is testing a multi-month triangle resistance with open interest rising and positive funding rates signalling potential for a sustained breakout toward $100.
Solana is showing signs of a potential breakout after consolidating within a symmetrical triangle for several weeks. The token recently broke above the $76 level and is now pressing against the pattern's descending resistance line, with the $98–$100 region emerging as the larger upside target if momentum sustains.
SOL is currently trading around $76.91, attempting to break above the triangle's upper boundary. The first critical level to hold is $77–$78; a sustained move above this area could bring $84 into focus before approaching the $97.65–$100.11 resistance zone. Analysts view a $100 move as representing approximately 30% upside from current levels.
Derivatives data support the breakout attempt. Open interest has begun rising alongside the recent price recovery, indicating new positions are entering as SOL approaches the triangle's boundary. The funding rate has turned positive at around 0.0084%, suggesting long positioning has gained an edge. If momentum falters and SOL falls below $74–$74.20 while open interest continues climbing, this could signal that fresh positions are building against the breakout and increase downside pressure.
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