Solana Holds $105 Amid Parabolic Predictions and ETF Demand
Solana (SOL)
Editor:
Eugene Serbin
cvj.ai reports that Solana (SOL) surged 6% in the past 24 hours to $105, riding a broader crypto market rally despite a recent legislative setback. The CLARITY Act failed in the US Senate earlier this week, causing a brief correction where SOL plunged from $101 to around $95.60, but analysts argue the asset found solid support. Ali Martinez highlighted strong institutional demand, noting that spot SOL ETFs recorded several consecutive green weeks and attracted over $200 million in the past month.
He also pointed out that 3 million tokens were withdrawn from exchanges in the last 30 days and that network growth remains elevated. Martinez identified a potential bull flag on SOL’s 4-hour chart, stating that a sustained close above $105 could confirm a bullish breakout toward $130. He further claimed the asset is ready to go parabolic, citing a massive cup-and-handle pattern with a neckline near $360 that could lead to $1,300.
X user CRYPTOKRALI noted that SOL has broken above descending resistance after weeks of compression, with $98 holding repeatedly as support. Market observer Scientific expects one more leg up to around $130 before de-risking 50% of spot bags to reload if the price dips to $90.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for SOL shows a price of $101.64 with a 1-hour buy ratio of 45.4%, which is lower than the 4-hour ratio of 50.8% and the 24-hour ratio of 51.2%. This divergence suggests that short-term buying pressure is fading relative to the broader daily trend. The 1-hour volume delta is negative at -$1,520,673, indicating that sellers are currently dominating the immediate flow, whereas the 4-hour delta is positive at +$1,481,676. Over the full 24 hours, the volume delta is strongly positive at +$5,188,032, and the cumulative volume delta (CVD) closed at +$19,609,388. This indicates that while immediate selling pressure has increased, the overall daily flow remains heavily skewed toward buyers. Spot volume for the period reached $215,044,777 across 623,573 trades, with net buying occurring in 15 of the 24 hours.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
The 24-hour buy ratio of 51.2% represents a +2.4 point increase compared to the 7-day average of 48.8%, indicating a slightly more bullish day than usual. However, the 24-hour spot volume of $215,044,777 is only 0.99x the weekly average, showing that trading activity is essentially flat compared to the preceding week. While the buy ratio has improved, the volume delta over the preceding 8 days was negative at -$27,544,142, contrasting with the current day's positive delta. Only 3 of the past 7 days saw net buying, suggesting that this recent positive flow is a notable deviation from a generally mixed weekly trend. This marks a shift from the broader weekly context where selling pressure had accumulated over an 8-day period.