Why Is Solana (SOL) Price Up Today? SOL Breaks Above $110

Solana (SOL) price is surging today, climbing 9–12% in the past 24 hours to trade near $107–$109 and briefly testing the $110 level after clearing the $100 psychological barrier for the first time in over three months. The rally is fueled by Charles Schwab’s plan to list SOL for its 39 million brokerage accounts, record network activity of 1.32 billion non-vote transactions in a single week, and continued inflows into spot Solana ETFs.

This article breaks down exactly what's happened with the Solana rally right now.

Key Takeaways

• Charles Schwab announced plans to add Solana, alongside Avalanche and Chainlink, to its crypto trading platform, opening SOL to 39 million brokerage accounts and over $12 trillion in client assets.

• Solana processed a record 1.32 billion non-vote transactions in a single week, while daily active addresses reportedly reached 5 million, both signs of unusually strong network demand.

• SOL has cleared its $100 to $105 resistance band; traders are now watching whether it can close decisively above $110 to open a path toward $120.

What's Driving Solana's Price Up Today

Three forces are stacking on top of each other right now. 

• First, institutional access just expanded: Charles Schwab said it will add spot SOL trading to its platform in the coming months, alongside Avalanche and Chainlink, giving its 39 million client accounts direct access to Solana for the first time. 

• Second, on-chain activity is genuinely strong, Solana logged its busiest week ever, with 1.32 billion non-vote transactions between August 17 and 23, alongside a surge in memecoin trading volume. 

• Third, spot Solana ETFs have been pulling in fresh money, with single-day inflows reported as high as $33.5 million, even as the pace of those inflows has cooled somewhat in the past couple of sessions. 

Put together, that's a rare combination of a headline catalyst, real usage growth, and institutional flow all pointing the same direction.

The Entities Behind the Solana Rally

A few names matter for understanding this move. Charles Schwab is the brokerage giant whose announcement to list SOL, AVAX, and LINK acted as the most immediate price trigger this week; trade execution for its new crypto offering runs through Paxos. 

The Solana network itself is the underlying asset, and its recent strength is tied to record transaction throughput and rising daily active addresses. 

Spot Solana ETFs, offered by issuers including Bitwise and Fidelity, represent the institutional buying side of the rally. And Solana's SIMD-0286 upgrade, which raised the mainnet compute limit in late July, is part of the technical backdrop supporting higher network capacity as usage climbs.

Ready to trade the move? Register on Bitrue to access a wide range of crypto markets and start exploring opportunities today.

SOL Price Analysis: Reading the Breakout

Traders searching "SOL breaks $110" want to know what happens next technically. Here's a quick reference for the key levels in play.

Momentum indicators have been running hot, some trackers put SOL's RSI in the high-80s in recent sessions, a level typically associated with overbought conditions and a higher chance of short-term cooling even within a broader uptrend.

How to Buy Solana (SOL) Safely in 2026

Is Solana Going Up for Good, or Is This a Sell-the-News Bounce?

The bullish case rests on the Schwab listing being an early step, not a one-off headline; more brokerages following suit could bring sustained new demand. Rising network usage and record token burns also support the idea that this rally is backed by fundamentals rather than pure speculation. 

The risk case is just as real: ETF inflows have already slowed from over $30 million on back-to-back days to roughly $9 million in the most recent session, momentum indicators are stretched, and a failure to hold $100 as support could send SOL back toward the mid-$90s. Traders should treat any single day's move, up or down, as part of a still-unfolding breakout rather than a settled outcome.

Read also: Solana (SOL) Rises 19% in a Week - What Are the Drivers?

Summary

Solana's move above $100 and toward $110 reflects a genuine convergence of catalysts rather than a single headline spike. Charles Schwab's decision to list SOL for its 39 million client accounts is the most visible trigger this week, but it's landing on top of record network activity and continued, if slightly cooling, ETF demand. 

The technical setup favors further upside as long as $100 holds as support, though an RSI reading in overbought territory means near-term pullbacks shouldn't be read as a trend reversal on their own.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

FAQ

Why is SOL price up today specifically?

The most immediate catalyst is Charles Schwab's announcement that it will add Solana to its crypto trading platform for 39 million client accounts, which coincided with record network transaction volume and continued ETF inflows.

What price level is SOL trying to break through right now?

SOL has cleared $100 and is testing the $105 to $110 resistance zone. A decisive close above $110 is the level most analysts are watching before targeting $120.

Is the Schwab news the only reason Solana is rallying?

No. Solana also set a record for weekly network activity with 1.32 billion non-vote transactions, and spot Solana ETFs have seen meaningful inflows in recent weeks, both of which were supporting the rally before the Schwab announcement.

Could SOL price reverse from here?

Yes. Momentum indicators like RSI have been in overbought territory, and ETF inflows have slowed compared to earlier in the week. A close back below the $95 to $100 zone would weaken the current bullish structure.

What's the next resistance level after $110?

If SOL closes decisively above $108 to $110, several technical trackers point to $120 as the next target, with some longer-term setups citing $130 to $135 as a further stretch target.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.