Gains have positioned SOL for a potential move towards the critical $100 threshold.

The latest surge in risk appetite, helped by easing macro pressures, has sharpened investor focus on high-beta altcoins such as Solana.

Solana price gains 5%, eyes upside momentum

Solana traded higher on Monday and was looking to extend the upward move on Tuesday.

As of writing, the SOL token hovered about 5% up in the past 24 hours, holding onto intraday gains as traders rotate into altcoins following Bitcoin’s push to new local highs.

Bitcoin pump to $74K lifts altcoins

Bitcoin broke from below $72,000 to hit $74,480, its highest level in over a month. In fact, BTC traded to levels seen before the Iran war began in late February.

The uptick came after President Trump signaled openness to renewed talks with Tehran.

The move marked a key psychological and technical milestone for BTC, reinforcing the view that the market is willing to look through near-term geopolitical noise when macro tailwinds strengthen.

The surge triggered about $500 million in crypto liquidations. Per Coinglass data, most of those rekt were short positions, as Ethereum and other major coins swung higher.

It is this forced covering of shorts that catalyzed the uptick across crypto.

For Solana, this environment has translated into stronger inflows and brisk trading activity as investors seek higher beta exposure.

As risk assets post gains amid an easing for oil and Treasury yields, traders see Bitcoin’s next key resistance near $80,000.

BTC could pop past this mark even as geopolitical risks persist with a US blockade of the Strait of Hormuz and an Iran ceasefire not on solid ground.

This backdrop means an element of caution.

However, the combination of improving macro conditions and easing financial stress is providing a constructive setting for both BTC and leading altcoins, including SOL.

SOL price analysis

From a technical perspective, Solana’s structure has turned decisively constructive as it grinds higher toward the $100 resistance band.

The latest advance has pushed SOL closer to the upper end of its short-term trading range, with buyers repeatedly defending higher lows.

In the market, such action is a classic hallmark of an emerging bullish trend.

SOL is hovering at the $85 supply zone, but bulls will be eyeing a clean break above that level to confirm the next leg of the uptrend.

Momentum indicators show Solana with a bullish setup, while market depth on major exchanges has improved.

Data also shows spot bid clusters aligning with solid demand on dips.

If buyers manage a sustained close above $90, they could open the door toward the $100–$120 zone, where prior supply and profit-taking stalled earlier advances.

Conversely, failure to reclaim that level could see SOL retest nearby support levels.

The $80 mark is a significant one, even amid the broader backdrop of strengthening crypto sentiment.
source: https://www.tradingview.com/news/invezz:097548d0a094b:0-can-solana-break-100-as-bitcoin-nears-74k-in-crypto-rally/