Solana price held near $95 on Aug. 24 after gaining roughly 26% as regulatory optimism, record tokenized-asset value and active network governance votes supported the rally.

Solana price action today

According to data from crypto.news, Solana (SOL) price traded at $94.71 at press time on Aug. 24. The token had risen from around $75 before accelerating above $78 on Aug. 19.

On the 4-hour chart, SOL extended the breakout through $83.49 and $88.06, corresponding to the 50% and 61.8% Fibonacci retracement levels measured from $64.09 to $102.88. The rally briefly carried the price above $100 before sellers forced it back toward $88.

Buyers subsequently defended the pullback and returned SOL to the $94.58 Fibonacci level. Price was consolidating slightly above that mark at the time of the chart capture, leaving the market near the upper end of its two-month range.

The daily chart shows SOL trading above its 20-, 50-, 100-, and 200-day moving averages. Those averages were positioned between $76.56 and $81.27, showing how far the price moved from its recent trend levels during the rally.

SOL’s advance also followed a wider crypto recovery. Bitcoin and crypto-linked U.S. stocks rose after the Treasury expanded its long-duration debt buybacks and President Donald Trump renewed his push for the CLARITY Act.

What is driving the SOL rally?

The rally coincided with the U.S. Securities and Exchange Commission’s Aug. 18 proposal for a new framework called Regulation Crypto Assets.

The SEC said the proposed rules would give crypto companies clearer routes to raise capital under federal securities laws. The framework would also establish conditions under which certain crypto-related investment contracts could move outside existing securities requirements.

The proposal does not amount to a Solana-specific ruling or automatically remove every regulatory risk facing SOL. However, its publication reduced some of the uncertainty surrounding how U.S. securities rules may apply to functional blockchain networks and token offerings. Public comments remain open through Oct. 20.

Solana also received a network-specific catalyst when voting opened on its first three formal governance proposals. According to crypto.news, voting will remain open through epoch 1023, expected to end on Aug. 27 at approximately 15:30 UTC.

SGP-0001 would introduce the Solana Constitution as a common governance framework. SGP-0002 would double the network’s annual disinflation rate from 15% to 30%, potentially removing about 18.9 million SOL from scheduled emissions over six years.

SGP-0003 proposes a new resource and inclusion fee structure. SolanaFloor estimated that the change could raise daily SOL burning from about 648 tokens to roughly 9,000, although the outcome depends on validator approval and subsequent network activity.

🚨JUST IN: Voting is now live on 3 major @Solana governance proposals and will remain open until the end of epoch 1023 on Thursday

👉 SGP 1: “Solana Constitution,” a new governance framework

👉 SGP 2: doubles disinflation, cutting ~18.9M $SOL (~$1.7B) emissions over 6 years

👉… pic.twitter.com/f2ZzZ147Le

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— SolanaFloor (@SolanaFloor) August 23, 2026

Solana’s tokenized real-world asset market provided another source of support. RWA.xyz data showed that the value of tokenized assets on the network crossed $4 billion for the first time, while the number of RWA holders reached approximately 348,489.

SOL resistance sits between $97.68 and $102.88

SOL must first close decisively above the daily resistance zone between $97.68 and $98.44 to extend its recovery. The price tested the area during the latest rally but failed to hold above it.

A confirmed breakout would bring $100 back into view, followed by the Aug. 22 wick at $102.88. Clearing that high would remove the most visible nearby supply zone on the provided charts.

The Aroon indicator supports the broader bullish setup. Aroon Up stood at 85.71%, compared with Aroon Down at 42.86%, showing that a recent high carried more weight than the latest low.

Trend strength also remained elevated on the 4-hour chart, where the Average Directional Index registered 71.50. An ADX reading above 25 generally signals a strong trend, although the indicator measures strength rather than direction.

Short-term momentum has started to weaken. The 4-hour MACD line fell to 2.59, below its signal line at 3.09, while the histogram declined to minus 0.50. The bearish crossover suggests SOL may consolidate or retest support before attempting another breakout.

The first support sits near $94.58. A close below that level would expose the $92.50–$93.25 area, followed by $88.06. The deeper $83.49 level would become important if sellers reverse the breakout, while a move below $78.91 would materially weaken the current structure.

Liquidation map points to a battle near $96

CoinGlass’ 24-hour liquidation heatmap shows the largest nearby concentration of leveraged positions around $96.20–$96.40. Price often moves toward areas containing dense liquidation orders, but the map does not guarantee that SOL will reach or break the cluster.

A move above $96 could force some short positions to close, potentially helping SOL retest the $97.68–$98.44 resistance zone. Further liquidity appears between approximately $97 and $99.50.

Below the market, liquidation concentrations are visible around $93 and from $91.50 to $92. A rejection below $94 could therefore produce a faster move toward those lower pools before spot buyers re-enter.

The chart does not support attributing the wider market’s reported multibillion-dollar liquidation total solely to SOL. Any such figure should be described as covering the broader crypto derivatives market unless CoinGlass provides an asset-specific total.

What analysts are watching next

Crypto analyst Haris identified the $98–$102 area as the main resistance zone after SOL’s latest rejection. The analyst said a break below $85 would weaken the setup, while the supplied daily chart places more immediate support at $88.06 and $83.49.

Can $SOL break this resistance? 👀

The $98–$102 area is still a strong resistance. SOL has tested this zone multiple times and got rejected again this time after taking liquidity around $102.

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I’m not shorting yet. I want to watch the price action first.

If $SOL breaks below… pic.twitter.com/8y8QveI7Kb

— Crypto with Haris ₿ (@Crypto__Haris) August 23, 2026

The governance vote may provide the next Solana-specific catalyst. Approval of SGP-0002 would reduce future token issuance faster, while SGP-0003 could increase the amount of SOL burned through network fees. Rejection would preserve the existing emission or fee structure.

For U.S. investors, the SEC proposal remains the larger policy event. The rules are still at the proposal stage and may change following public comments, meaning the recent rally reflects expectations rather than a completed regulatory change.

SOL’s ability to hold $94.58 while momentum resets will determine whether the move becomes a sustained breakout. A daily close above $98.44 would strengthen the bullish case toward $102.88, while a loss of $88.06 would raise the risk that the rally is unwinding.

Germany widened its lead in the number of providers licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA), with six of its cooperative banks added in the latest register update.

The European Securities and Markets Authority (ESMA) updated its MiCA register on Friday, bringing the number of authorized crypto asset service providers (CASPs) to 331.

Compared with an update from Aug. 12, the six additions were all German cooperative banks: Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-Überwald and Volksbank Backnang.

Germany now accounts for 79 CASPs, ahead of France with 35 and the Netherlands with 29. Germany’s total has grown from 57 in late June, when the country already led MiCA authorizations, according to ESMA data previously reviewed by Cointelegraph.

Germany’s Federal Financial Supervisory Authority (BaFin) told Cointelegraph in June that the country’s high number of MiCA authorizations partly reflects its large financial sector and the number of credit institutions eligible to offer crypto services. BaFin also pointed to Germany’s pre-existing national licensing regime, which gave some CASPs access to simplified authorization procedures during the transition to MiCA.

ESMA’s asset-referenced token (ART), electronic money token (EMT) and non-compliant entity datasets were unchanged. The ART register remained empty, the EMT register held 43 entries, and the non-compliant entity list remained at 167.

Related: Bitpanda fined in Austria’s first published MiCA penalty

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Key takeaways

• The Pi Core Team introduced Protocol 27 on the Pi Testnet, enabling preparations for advanced smart contract authentication.
• A mainnet upgrade to Protocol 27 is scheduled for September 15.
• PI faces resistance at $0.1022, with a breakout potentially opening a move toward $0.1204.

Pi Network is trading lower on Monday following a gain of more than 6% last week, with its price hovering around $0.0880.

The cryptocurrency remains above the $0.0800 level but continues to face resistance below $0.1000.

Despite the recent advance, momentum indicators suggest that PI has not yet developed sufficient buying pressure to sustain a breakout.

The mixed technical outlook comes as developers prepare a network upgrade that could introduce additional authentication capabilities for applications and transactions.

Pi Core team introduces protocol 27 on testnet

The Pi Core Team announced Saturday that it had released Protocol 27 on the Pi Testnet. Pi Network is built on the Stellar Consensus Protocol, and the update incorporates the latest Stellar network protocol into its testing environment.

According to the Pi Core Team’s announcement, Protocol 27 will support new smart contract authentication capabilities.

The upgrade is intended to provide more advanced methods for applications and users to authenticate transactions.

Introducing the protocol on the testnet allows developers to evaluate its functionality before deployment on Pi Network’s mainnet.

The Pi Core Team is targeting September 15 for the mainnet rollout of Protocol 27. Once activated, the upgrade could expand the authentication options available to applications operating on the network.

The update represents a potential technical catalyst for PI, although its immediate effect on the token’s price remains uncertain.

Market participants are likely to monitor progress toward the September deadline alongside broader cryptocurrency market conditions.

PI remains trapped below the $0.1022 resistance

Pi Network is consolidating between technical levels associated with its previous decline from $0.1341 to $0.0703.

Immediate support sits near $0.0853, while the main upside barrier is located at $0.1022.

The $0.1000 psychological level also remains an important threshold for buyers. A confirmed breakout above $0.1022 would signal improving momentum and could open the path toward the next major resistance level at $0.1204.

However, PI remains below these levels, suggesting that buyers have yet to establish control.

The daily Moving Average Convergence Divergence indicator remains slightly positive and above its signal line.

This suggests that some underlying buying demand is still present, although the signal is not strong enough to confirm a sustained rally.

Meanwhile, the Relative Strength Index stands near 48, indicating broadly neutral market conditions.

An RSI reading near 50 typically suggests that neither buyers nor sellers have a clear advantage.

Together, these indicators support the possibility that PI will continue consolidating until a stronger catalyst pushes the price beyond its current range.

The first significant support level for PI is $0.0853. A break below this area could expose the rising trendline near $0.0785.

If selling pressure intensifies, the token could revisit its previous swing low at $0.0703.

For now, PI’s near-term direction depends on whether buyers can defend the $0.0853 support area and build sufficient momentum to challenge resistance near $0.1000 and $0.1022.