Solana: Analyst Eyes Solana IMP Channel Breakout
The token just broke out of the falling channel it had been stuck in since early September.
Price is up 3.95% today, trading near $105.56. Adding to the mood, a widely shared clip has SEC Chair Paul Atkins talking up crypto's future.Here's what the chart and the news actually say.
Market data checked on September 18, 2026.
SEC Chair Comments Add to the Buzz
A clip shared by Altcoin Daily claims the SEC Chair just gave crypto a bullish nod, naming this token alongside Bitcoin and Ether. 
Source: Data From X
Atkins has taken a documented pro-crypto stance since becoming SEC Chair, but the specific video and its exact claims haven't been independently verified here, so treat it as a talking point rather than confirmed news.
Chart Analysis: Channel Breakout in Play
Price broke clean above a falling channel it had been stuck in since early September, closing today at $105.56.
The EMA cluster near $93.59 to $100.22 now sits below price as support. The nearest resistance is $110.38, with $118.93 and $127.81 above it.
A close back below $102.71 would put the breakout in question.
Key Levels
Bull Case vs Bear Case
Bull case: Holding above $102.71 while clearing $110.38 keeps the path open toward $118.93 and beyond.
Bear case: A slide back below $102.71 would suggest the breakout failed, risking a drop toward $96.56.
Expert View
The breakout lines up with the SEC Chair's bullish tone, giving this move both a technical and a sentiment-driven push. $110.38 is the real test: clearing it with volume would confirm the breakout has legs, while a rejection there would suggest today's rally is running ahead of itself.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices can be highly volatile and may change rapidly. The analysis and price levels discussed are not guaranteed. Always conduct your own research, assess your risk tolerance, and consider professional advice before making trading or investment decisions.
