Solana price regains strength amid strong 24-hour performance following a prediction from a prominent crypto analyst for further upside action. Positive technical outlook and increasing popularity of Solana projects add to the likelihood of a sustained rise in the near future.
At the time of writing, SOL is trading at $71.89, up 4.49% over the last 24 hours. The SOL has recorded a daily trading volume of $6.46 billion, while its market capitalization stands at $41.98 billion, making it one of the largest digital assets in the crypto market.
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Solana Price Eyes Major Rally on Bullish Setup
The crypto analyst, Michaël van de Poppe, made a positive prediction regarding the Solana price on June 27, 2026, as he expects that the entire SOL ecosystem will continue making gains.
According to his view, BTC pairs remain one of the best options for assessing whether there is an inflow of funds within the ecosystem of a specific blockchain network. His analysis shows that there are technical signs appearing in the market indicating that the price of SOL is about to move up.
There are three key indicators highlighted by van de Poppe to show why he supports his opinion. First, there is the formation of a higher low for SOL, showing that the buyers are coming in at a higher level of prices. Second, there is the breakout above the 21-day moving average, which usually indicates the strength of momentum in the short run. Third, there is a higher high.
The market is believed to be in the “buy the dip” stage unless there is a change in the trend due to these signs. With continued buying pressure, the Solana price is expected to move above $100 soon.
In addition, Van de Poppe further stated that he was very optimistic about $W because he considered it a risky asset that may outperform in case the entire Solana system grows further. However, he added that he will not be holding on to the asset for eternity but will re-evaluate his stance depending on changing conditions.
Derivatives Data Shows Mixed Signals
Although there was an increase in the Solana price, the derivatives data reflected a different story.
There was a 18.59% reduction in the volume within the past 24 hours, which stood at $10.03 billion. It implies that there were fewer players involved in buying or selling, although there was an upward trend in the price.
Moreover, the open interest increased by 2.13% to reach $5.22 billion, indicating that there are more leveraged trades and expectations for future price action.
The funding rate, OI-weighted, stayed positive at 0.0030%, indicating that long position holders still have to pay a tiny premium for keeping their positions active. Despite the fact that the funding rate is an indicator of optimism, the decline in trades indicates that confidence has not been pervasive in the market.
What Could Happen Next?
The next big challenge that the Solana price faces is to sustain itself above the breakout levels. Staying above the 21-day moving average will add to the bullish setup and could attract more buyers into the market.
Nonetheless, there will be an eye on whether the trading volume starts to pick up. Higher volume supporting higher prices would give more assurance that the present rally has the required momentum to sustain itself.
But if technical strength and market engagement both strengthen simultaneously, it is felt that the cryptocurrency will be able to create a base from which to start a journey towards $100. Until such time, any price movement and derivatives volume should provide clues as to the sustainability of the rally.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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