In this Solana Elliott Wave analysis for September 12, 2026, we examine the $90.50 structural support level vital for maintaining upside momentum. Video By More Crypto Online.
Today, September 12, 2026, Solana (SOL) is trading at approximately $101.97, marking a minor recovery after briefly breaking below the $100 psychological support level during yesterday’s market correction. The asset's current market capitalization sits at $59.83 billion.
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This Solana Elliott Wave analysis indicates that the price is currently caught in a sideways range between key support and resistance. We are tracking a potential triangle pattern on the smaller timeframe, which requires defending the $90.50 support zone to maintain the active bullish setup. If momentum returns, our price target remains focused on the $128 and $133 levels as the next logical objectives for the market.
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Insights Today
-Network Upgrade Activates: Solana successfully implemented its Transaction v1 feature upgrade this week. The upgrade officially expanded the network's maximum transaction size from 1,232 bytes to 4,096 bytes, allowing highly complex decentralized finance (DeFi) operations and massive multi-sig commands to be executed within a single block.
-Revenue Leadership: On-chain data tracking shows Solana routinely outperforming its peers, briefly hitting a record $5.09 million in daily application fees earlier this week, firmly asserting its dominant position in network usage.
-Institutional Inflows & RWA: Real-World Asset (RWA) tokenization on Solana has scaled rapidly, pulling in over $229 million in 30-day net inflows. Furthermore, spot Solana ETFs—which allow institutional investors to capture native staking yield—saw their strongest week of inflows since late last year, netting $153.87 million.
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